AT&T Inc. (NYSE:T) invested an amount of approximately $100 million in the wired and wireless networks in the region of El Paso over a period of three years (2012-2014). The purpose of this investment was increasing the numbers of upgrades in this region in order to offer better coverage, performance, reliability and of course, speed.
Are analyst calling T a long-term hold?
Project Velocity IP Investment Plan
The investment is a part of AT&T’s Project VIP, which focuses on expansion and enhancements of the networks. In the year 2014, the company made ten upgrades in this region, and it included addition of the network capability, sites for new cell and new internet connections based on high-speed wireless networks. The project allowed AT&T to get 12000 new customer sites in El Paso region.
The Texas State President of the company, Dave Nichols said that there is an increase in the range of wearable devices, cars and home appliances that are connected to the Internet. Therefore, the demand of wireless network has increased, and also there is an increased dependence on the network connectivity.
The company has been investing in this region from long and this has resulted in innovative and fresh opportunities for business and also for the residents.
AT&T Working towards an extensive Wi-Fi network expansion
The Wi-Fi network of AT&T is extensive and encompasses over 34,000 Hot Spots at diverse locations including bookstores, retailers, hotels and restaurants. Through its roaming agreements, the company facilitates over 1 million Hot Spots all over the world.
The proposal of company to merge with DIRECTV (NASDAQ:DTV), which is yet to receive regulators’ approval, will give it an opportunity to refurbish the entire industry of video entertainment. The content will be delivered across a range of screens such as the backseat displays of cars or airplanes, laptops, TV and mobile devices.