AT&T (T) Boosts 5G Speeds with Completion of EchoStar’s Spectrum Deployment

AT&T Inc. (NYSE:T) is among the stocks Wall Street analysts are watching closely. On November 17, AT&T Inc. (NYSE:T) announced the completion of the deployment of mid-band spectrum purchased from EchoStar across approximately 23,000 cell sites situated in the United States under a short-term spectrum manager lease. What makes this $23 billion transaction so attractive is how it enhances 5G download speeds by up to 80% for mobile users and 55% for AT&T Internet Air customers.

The management believes that the reduced need for capital-intensive construction of additional cell sites will translate to operating efficiencies for the company in the long run. While strengthening the company’s growth strategy for customers benefiting from both home internet and 5G wireless services, the deployment will support what AT&T Inc. (NYSE:T) describes as “the most reliable and largest wireless network in North America,” according to the RootMetrics United States RootScore Report.

Ken Wolter / Shutterstock.com

Earlier on November 12, KeyBanc Capital Markets lifted the rating on AT&T Inc. (NYSE:T) to Overweight from Sector Weight, citing the recent pullback as an attractive entry point. With the company’s outlook for accelerated growth in mind, the analyst forecasts adjusted EBITDA to increase from ~3% in 2025 to nearly 5% in 2027/2028.

AT&T Inc. (NYSE:T), founded in 1983, is a Texas-based provider of telecommunications and technology services. With two main segments: Communications and Latin America, the company is committed to “connect people to greater possibility.”

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.