Breaking News

AT&T Invests In Illinois Infrastructure To Boost Network

By Zacks Investment ResearchStock MarketsAug 07, 2019 08:55AM ET
AT&T Invests In Illinois Infrastructure To Boost Network
By Zacks Investment Research   |  Aug 07, 2019 08:55AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

AT&T Inc. (NYSE:T) recently announced that it has invested more than $7.2 billion in its Illinois wireless and wired networks during 2011-2018, in an attempt to strengthen its market dominance. With these planned investments, the telecom giant aims to enhance reliability, coverage, speed and overall performance for consumers and business houses. In 2018, the company made 1,751 wireless network upgrades in Illinois. It added new cell sites and increased network capacity.

The wireless carrier has improved critical services that support Public Safety and first responders using the FirstNet communications platform. Markedly, this platform has been built with AT&T in a public-private partnership with the First Responder Network Authority — an independent agency within the federal government. AT&T has also helped meet customers’ needs mostly in rural areas by participating in the FCC’s Connect America Fund.

Over the past five years, AT&T has invested around $145 billion in wireless and wireline networks, including capital investments and acquisitions of wireless spectrum and operations. Its fiber network is one of the nation’s largest and connects more Internet of Things devices compared to any other provider in North America.

AT&T’s wireless network covers more than 99% of Americans and is reportedly the fastest in the nation. Its LTE network reaches more than 400 million people in North America. Noteworthy network enhancements across Illinois in 2018 included making more than 1,712 capacity upgrades, adding four new cell sites, expanding 4G LTE to four cell sites, and improving 31 distributed antenna system networks.

AT&T has long-term earnings growth expectation of 4.5%. Driven by diligent execution of operational strategies, the stock has rallied 19% compared with the industry’s growth of 8.2% in the year-to-date period.

Further, AT&T is on track to deliver on all its 2019 priorities. It continues to pay down debt and remains confident to meet its year-end deleveraging goal. The company’s FirstNet build is not only running ahead of schedule, it has become a driver of its wireless network leadership in speed, reliability and network performance. Also, it facilitates AT&T to have nationwide commercially available 5G coverage in the first half of 2020.

The company’s 5G service involves utilization of millimeter wave spectrum for deployment in dense pockets, and in suburban and rural areas, it plans to deploy 5G on mid- and low-band spectrum holdings. It is building networks that enable fiber-based connectivity and LTE to work efficiently in parallel with 5G solutions, making the most of business transformation.

Zacks Rank & Stocks to Consider

AT&T currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include I.D. Systems, Inc. (NASDAQ:IDSY) , United States Cellular Corp. (NYSE:USM) and Verizon Communications Inc. (NYSE:VZ) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

I.D. Systems has long-term earnings growth expectation of 30%.

U.S. Cellular surpassed earnings estimates thrice in the trailing four quarters, the average positive surprise being 38.3%.

Verizon surpassed earnings estimates in each of the trailing four quarters, the average positive surprise being 2.6%.

This Could Be the Fastest Way to Grow Wealth in 2019

Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.

These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.

Click here to see these breakthrough stocks now >>

AT&T Inc. (T): Free Stock Analysis Report

Verizon Communications Inc. (VZ): Free Stock Analysis Report

I.D. Systems, Inc. (IDSY): Free Stock Analysis Report

United States Cellular Corporation (USM): Free Stock Analysis Report

Original post

Zacks Investment Research
AT&T Invests In Illinois Infrastructure To Boost Network
AT&T Invests In Illinois Infrastructure To Boost Network

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email