AT&T Inc. (NYSE:T) has been working on stepping up its investments in order to compete with Verizon Communications Inc. (NYSE:VZ) as the dominant top two wireless carriers in the U.S. In the interesting move recently that AT&T bought new spectrum from its top rival, as well as closing the purchase deal for Alltel in order to gain even more spectrum and customers, and the company is working hard to catch up with Verizon in the build-out of the LTE network, it seems that AT&T is being aggressive in the marketplace to be the to carrier.
AT&T Inc. (NYSE:T) announced this week the addition of six more markets to its growing LTE network as it is working to close the big lead that Verizon Communications Inc. (NYSE:VZ) owns in the LTE world. Ma Bell flipped the switch on northwestern Georgia; Albany, Ga.; Cecil County, Md.; the Norfolk/Virginia Beach area in Virginia; and Bucks County, Pa. This now raises the company’s LTE coverage to 141 markets and 170 million people. While pretty impressive on its own, it still pales in comparison to Verizon’s 470 markets and 270 million people.
In other news this week, AT&T Inc. (NYSE:T) announced that it is re-branding its U-verse smartphone app and establishing a single monthly charge for the service regardless of the operating system the phone runs. AT&T is now changing its U-verse name to Mobile TV and will offer the service for $9.909 per month. With this service, users can get live TV content from ESPN, Disney, ABC and NBC Sports, among others. Also, there will be access to streaming content on-demand from Comedy Central, Nickelodeon and A&E, among others, with premium packages for other channels at $4.99 each.
What do you think about AT&T Inc. (NYSE:T)? What are your thoughts about the company with the moves it has made in recent weeks? Are you a believer? Let us know in the comments section below.
DISCLOSURE: I own no positions in any stock mentioned.
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