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.
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