I first started buying AT&T stock back in 2011. I knew back then it was a stock destined for greatness or at least that’s what my gut instincts were. Since then I have continued to add to my positions and have dripped the stock the entire time.
First was the announcement that AT&T was moving into Mexico and I thought to myself – this is good news because of the competitiveness of the Wireless market here in the United States. I recently read that AT&T had added 2 million new subscribers in Mexico over the last two years.
Then came Direct TV – Oh wow ! I could see the vision; TV steaming to homes and mobile devices everywhere. Since their takeover of Direct TV (Finalized in 2015) AT&T has impressed me with their integration of it into every aspect of their company. I continued to buy the company shares as their vision became my vision, especially with their roll out of Direct TV Now streaming service.
Then last year they announced the takeover of Time Warner – and I thought this is brilliant – they have the all the pipes they need to deliver content to millions and with the Acquisition of Time Warner they will also have access to the content that they can utilize on these platforms they have built. And, it will all come together even more so as their 5G platforms roll out.
I am truly impressed with the leadership and their direction at AT&T. But just when I thought things just couldn’t get any better at AT&T , well I was wrong. Today they announced they had been awarded the contract by the Federal Governments “First Net” for the build out and maintenance of its infrastructure.
The need for a dedicated communications network was recognized after 9/11. The First Net Network will cover all 50 states, the District of Columbia and all US territories. It will serve to connect through broadband all First Respondents and Public Safety personnel, including firefighters, law enforcement personnel and EMT personnel as well as other key safety personnel.
The contract will cover a 25 year span of build out and maintenance and is expected to create as many as 10,000 jobs created within two years.
Photo(s) Source : AT&T Website
Public-Private Infrastructure Investment Helps Police, Firefighters & Other First Responders Keep America SafeFirstNet Investments Expected to Create 10,000 Jobs
AT&T* has been selected by the First Responder Network Authority (FirstNet) to build and manage the first broadband network dedicated to America’s police, firefighters and emergency medical services (EMS). The FirstNet network will cover all 50 states, 5 U.S. territories and the District of Columbia, including rural communities and tribal lands in those states and territories.
This is a much needed investment in America’s communications infrastructure to support millions of first responders and public safety personnel nationwide who protect and serve more than 320 million people across the U.S. This significant public-private infrastructure investment is expected to create 10,000 U.S. jobs over the next two years from AT&T’s work for FirstNet. The network buildout will begin later this year.
Randall Stephenson, AT&T chairman and CEO, said, “We are honored to work with FirstNet to build a network for America’s police, firefighters and EMS that is second to none. This is an unprecedented public-private investment in infrastructure that makes America a leader and public safety a national priority.”
“Today is a landmark day for public safety across the Nation and shows the incredible progress we can make through public-private partnerships,” said U.S. Department of Commerce Secretary Wilbur Ross. “FirstNet is a critical infrastructure project that will give our first responders the communications tools they need to keep America safe and secure. This public-private partnership will also spur innovation and create over ten thousand new jobs in this cutting-edge sector.”
Today, first responders use commercial networks – the same ones used by consumers and businesses – for mobile data and applications. That can be an issue when a significant public safety crisis happens and commercial networks quickly become congested. It makes it difficult for first responders to communicate, coordinate and do their jobs.
Plus, first responders use more than 10,000 networks for voice communications. These networks often do not interoperate, which severely limits their ability to communicate with each other when responding to a situation.
FirstNet’s mission is to fix this. Through this new public-private partnership with FirstNet, AT&T will deliver a dedicated, interoperable network and ecosystem that will give first responders the technology they need to better communicate and collaborate across agencies and jurisdictions – local, state and national.
“There’s no connection more important than one that can save a life,” said Kay Kapoor, president, AT&T Global Public Sector. “FirstNet is unprecedented in its vision, scope and importance to our nation and the future of public safety communications. We’re honored to be selected for this historic and critical initiative.”
“This partnership brings together FirstNet as the voice of public safety and a global technology team with a proven track record and commitment to public safety,” said FirstNet CEO Mike Poth. “Together, FirstNet and AT&T will move with precision and urgency to deliver this much-needed infrastructure to those who need it the most: the first responders we rely on in disasters and emergencies.”
In addition to creating a nationwide seamless, IP-based, high-speed mobile communications network that will give first responders priority access, the network will help:
- Improve rescue and recovery operations to help keep first responders out of harm’s way
- Better connect first responders to the critical information they need in an emergency
- Further the development of public safety focused IoT and Smart City solutions such as providing near real-time information on traffic conditions to determine the fastest route to an emergency
- Enable advanced capabilities, like wearable sensors and cameras for police and firefighters, and camera-equipped drones and robots that can deliver near real-time images of events, such as fires, floods or crimes
FirstNet and AT&T will innovate and evolve the network to keep the public safety community at the forefront of technology advances. For example, as 5G network capabilities develop in the coming years, FirstNet and AT&T will work together to provide the exponential increases in the speed with which video and data travel across the FirstNet network.
To help FirstNet achieve its public safety mission, AT&T has assembled a team that includes Motorola Solutions, General Dynamics, Sapient Consulting and Inmarsat Government.
The broad terms of this 25-year agreement between FirstNet and AT&T are:
- FirstNet will provide 20 MHz of high-value, telecommunications spectrum and success-based payments of $6.5 billion over the next five years to support the network buildout; FirstNet’s funding was raised from previous FCC spectrum auctions.
- AT&T will spend about $40 billion over the life of the contract to build, deploy, operate and maintain the network, with a focus on ensuring robust coverage for public safety users.
- Additionally, AT&T will connect FirstNet users to the company’s telecommunications network assets, valued at more than $180 billion.
The strong participation of states in the FirstNet network will help make this significant investment in America’s communications infrastructure a reality. As states join FirstNet, investment in infrastructure and job creation will follow.
For more information on AT&T’s selection, please visit att.com/FirstResponderNews. For more information about FirstNet, please visit FirstNet.gov/mediakit.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed internet and voice services. We’re one of the world’s largest providers of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions. Between 2012 and 2016, AT&T invested nearly $135 billion in our U.S. wireless and wired networks, including capital investment and acquisitions of wireless spectrum and operations. And during the same period, AT&T invested more in the United States than any other public company.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2017 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; and voice roaming in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
Above Quoted from AT&T Website
So it is easy to see why I am so positive on AT&Ts stock as an investor. It pays one of the highest dividends you will find for a stock of this quality, the company’s leadership has a clear vision as to where and how it is going and they continue to strive for the next big achievement. I, as I am sure you do, like winners and AT&T is a winner. I believe this stock still has a lot of potential. It has become more expensive lately as people recognize the value it is bringing but I will continue to add shares to my positions each and every time the opportunity presents itself. My target price to add is anything below $40. The lower the price goes the more shares I will add. Care to join me ?
In contrast I also own shares Verizon but I have not seen a clear direction from them and whatever their vision is I have not been able to determine where they are headed. With their recent purchases of AOL and Yahoo, two other directionless companies I have not been happy or enthused. Of course there is always the possibility that I am missing something very obvious but until I can see the big picture for myself, while I will continue to hold the shares I have, I will not be adding to my positions. Just this morning there was an announcement that Verizon was launching its own streaming service but again, there was no WoW factor me to get excited about. Hopefully the leadership at Verizon will get its act together soon and put them on a track like that of AT&T.
What will next year bring from AT&T ? I’m sure I will be surprised again as usual but one thing that does not surprise me is the quality of AT&T. I have no doubt this stock will still be paying me great dividends for the rest of my life !
Comments or thoughts ? Please share.