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AT&T : joins Global Telco Security Alliance

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02/11/2019 | 02:04pm EST

AT&T has joined the Global Telco Security Alliance, the telecom operator's cybersecurity group.

The Global Telco Security Alliance was founded by Etisalat, Singtel, SoftBank and Telefónica in April last year, to support enterprises to address cybersecurity.

AT&T's addition represents a significant step up in resources and insights offered by the Alliance as a whole. AT&T has long-established and extensive cybersecurity capabilities and technologies. These were recently reinforced with the acquisition of AlienVault, which has enabled AT&T to accelerate delivering on its vision of enabling organizations of all sizes with effective cybersecurity solutions.

The inclusion of AT&T clearly reinforces the Global Telco Security Alliance's ability to share insights and best practices for customers globally. Combined, all the members cover more than 1.2 billion customers in over 60 countries across Asia Pacific, Europe, the Middle East and the Americas.

The Global Telco Security Alliance plans to expand its scope of activities and global footprint over time and is open to bringing in new members in the future.

"We are thrilled to be the first telco in North America to join the alliance, and to do so as a founding member," said Barmak Meftah, President AT&T Cybersecurity and CEO of AlienVault. "Hackers have well established and organized communities that cooperate to produce cyber threats and it's time large network operators work together to help deliver disruptive innovations and enable our global customers to detect and respond to threats faster and protect their digital footprint."

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 184 B
EBIT 2019 37 239 M
Net income 2019 19 950 M
Debt 2019 158 B
Yield 2019 6,72%
P/E ratio 2019 11,84
P/E ratio 2020 11,06
EV / Sales 2019 2,06x
EV / Sales 2020 2,00x
Capitalization 222 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 33,8 $
Spread / Average Target 11%
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Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens CFO, Principal Accounting Officer & Senior EVP
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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