AT&T Inc. (T) Expands its Gigabit Internet to More Areas

AT&T Inc. expands its Gigabit Internet to Madison, Huntsville and Columbus, among other areas. The gigabit speed internet service is not limited to these 3 areas alone. But, the launch in these three areas is part of AT&T’s plan to expand the service in more areas faster. It needs to gain more ground against the rival gigabit-speed service Google Fiber from Alphabet Inc. AT&T claims that its gigabit service is so fast that users can download 25 songs in one second and a full-length movie in less than one minute. The firm pointed out that Ohio and the two other regions are among a set of 32 metropolitan areas. In this set, the gigabit internet has been introduced by the firm. It plans to expand the services to 67 markets by 2019.

Fiber is the Stepping Stone to IoT

“This is the kind of speed (customers) have not seen before. This gives them ability to do more and do it faster,” stated Adam Grzybicki, the president for AT&T in Ohio. He pointed out that the expansion of the firm’s fiber footprint is part of a larger move. They want to enhance the capability of mobile devices to speeds that match 5G ideally. At least, it should match some of the existing high-speed 4G speeds.

at&T (NYSE:T)

The executive also stated that the expansion is also a critical move for the firm. It is no secret that the firm is preparing for the shift towards the internet of things. AT&T believes that it will be easier to facilitate the growth of IoT and other new technologies. But, this will happen once fiber infrastructure that facilitates fast internet speeds has been set up in more areas. The gigabit speed package will be offered as an optional package.

Monthly subscription for the gigabit-speed service will be priced at $90. The firm will also offer a 100 Mbps service that will cost $70. Then there is a 6 Mbps service that is priced at $30. The 100 Mbps service is fast enough for heavy usage but it will feature a 1 TB data cap. The 1 Gbps package does not have a data cap.

AT&T Inc.  stock closed the latest trading session at $39.33, marking an improvement by $0.23 or 0.59% compared to the previous closing price.

AT&T Inc. Launched Ultra-fast Internet Service in Parts of the Southeast Michigan Area.

The firm said that they now connect eligible homes, apartments and small business locations in the area. They will have access to a 1 gigabit internet connection on their 100% fiber network under the AT&T Fiber umbrella brand. The firm added that they have made AT&T Inc.  Fiber available in parts of Wayne, Oakland and Macomb counties by launching in Canton, South Lyon, Clinton Township and Novi. They plan to expand access to ultra-fast internet speeds in parts of Detroit, Ann Arbor, Roseville and Ferndale in mid-2017.

The Southeast Michigan area is one of 67 metros where the firm is making their fastest internet service available. They now market their ultra-fast service to over 3 mn locations, of which over 500,000 include apartments and condo units.

Such moves seem to be targeted at outdoing rivals in terms of pure speed. About a couple of months ago, the firm had presented at the 2nd annual Cowen and Company Communications Infrastructure Summit. At that time, news were being floated that Comcast Xfinity had crushed the competition in speed tests. So now the firm seems to leave no stone unturned in telling users that it is no less fast. Earlier this year, it was busy pushing low-cost wireline Internet.

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Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.


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