Report
Philip Burnett
EUR 9341.00 For Business Accounts Only

Quick Take: AT&T “Wins” FirstNet Contract Again

FirstNet and AT&T have announced that the carrier has won an investment of up to $8BN over the next 10 years in order to continue expanding FirstNet coverage and to deploy standalone 5G in the network ($6.3BN for ongoing investments; roughly $2BN for 1k additional sites). The announcement says the investment has no impact on AT&T’s guidance.
Underlying
AT&T Inc.

AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Analysts
Philip Burnett

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