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AT&T Inc. (NYSE:T) Expands in Stanly County and Cuba

AT&T Inc. will start serving Stanly County business park a super-fast internet service. The new Meadow Creek Business Park in Locust will be the first Stanly County business park with this facility. The firm announced that the park is “AT&T Fiber Ready” as a part of the corporation’s program to expand optical fiber networks to U.S. business and corporate communities. In January, AT&T said it had added 23,500 N.C. business locations to its fiber network. Around the country, 1 mn businesses have been added to the AT&T network.

AT&T Inc.’s Fiber Network is a Job Magnet for Stanly County

Scott Efird, chairman of the Stanly County Commission, says the service will help the county get more tech jobs. “A ready fiber-optic network, as well as the quality of life we enjoy here, [are] competitive merits. They will help us be successful in pursuing the clean, sustainable high-paying jobs we want and need. Those jobs are needed right here in Stanly County,” Efird says.

at&T (NYSE:T)

Paul Stratos said the fast internet will help him market Meadow Creek to new and shifting businesses. “Regardless of the industry, businesses view this as vital for their business operations.” Meadow Creek is a 165-acre business park outside of Locust along N.C. Highways 24/27.

Kathleen Evans is the regional director of external affairs for AT&T Inc.  North Carolina. She says the firm is excited to bring the fiber service to the Stanly County business park.

AT&T Inc. Starts to Roam in Cuba

AT&T announced the launch of its roaming services in Cuba to expand its market share in the region. Through this, customers can text, talk, and use the internet while remaining on the network and traveling to Cuba. With the launch of the current services, the telecom giant remains bullish. A review of the news release reveals that customers will be charged $3 per minute for voice calls. Internet will be charged $2.05 per one MB while SMS/MMS will be charged $0.50/$1.3 respectively. This is not the first time that the firm has grown its global network coverage; it has been looking at options to beat the rivals overseas in the past too.

It may also create jobs for 1,300 more employees. Through this expansion in its operations, the firm aims to remain the market leader. It will try to do so by making its operating revenues grow. The firm is slated to report its third quarter fiscal year 2016 earnings release this week. For this, investors are concerned because it impacts its stock performance. Through its hard efforts in keeping its market share, AT&T has been able to generate growth. Its stock price has soared about 16.41% over the past 12 months.

The stock slumped about 7.93% during the past three months. But, industry analysts remain confident that the firm will recover from the current slump. It will do so by reporting a beat on its revenue and earnings per share estimates for third quarter 2016. Furthermore, the current expansion of roaming services in Cuba will also help AT&T Inc. . It may boost its fourth quarter fiscal year 2016 earnings, as the current services would add to the firm’s revenues. The management feels that the new services further strengthen the firm’s stand. It has the best coverage of any US wireless service provider in the region. As per a report from Law360, the firm had struck a deal to service Cuba just a few days after the 19th annual Oppenheimer Technology, Internet & Communications Conference.

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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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