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MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

AT&T INC.

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Accenture and AT&T Bring Mobile Connectivity to Phillips 66 with Private Cellular Network; Network creates efficiencies and lays the foundation for future 5G use cases

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07/07/2020 | 09:46am EDT

NEW YORK and HOUSTON -- Accenture (NYSE: ACN) and AT&T (NYSE: T) are working with Phillips 66 to develop industrial cellular wireless connectivity, with the development of a private cellular network solution. The solution will lay the foundation for potential future 5G use cases, including support for Industrial Internet of Things (IIoT) and low latency applications.

Phillips 66 invited Accenture to address cellular performance gaps with its existing public cellular network near one of its refineries in Belle Chasse, Louisiana. The private cellular network - a local cellular network that includes cell sites and core network servers that support the connectivity of a specific organization's requirements - was selected as a proof of concept to demonstrate the ability to handle increased mobile connectivity needs from the ongoing Phillips 66 digital transformation initiatives. The proof of concept private network was designed from the ground up to address Phillips 66's industrial digital requirements. AT&T was selected as the telecommunications provider to develop the necessary engineering for a dedicated cellular network solution, using multi-access edge compute across licensed spectrum.

"Mobile applications are central to our day-to-day business activities - we use them for safety inspection forms for oil distillation units, capacity tracking and more - so connectivity is critical to keeping our operations running," said Zhanna Golodryga, senior vice president, chief digital and administrative officer at Phillips 66. "The results of the proof of concept are promising. This private cellular network can address existing coverage gaps today and potentially lays the foundation for pervasive connectivity to enable upcoming use cases based on IIoT and 5G."

During the proof of concept, teams were able to bring dedicated private cellular infrastructure onsite and record speed improvements at the refinery. In addition, the cellular reference signals showed the potential for improvement in signal strength at selected process units. At Phillips 66, a number of technical hurdles continue to be worked out and sustainable engineering solutions are being developed, before the cellular option can be made available for scale deployments while meeting the operational requirements at the refineries.

"Reliable connectivity is accelerating business transformation and enabling companies to innovate faster than ever before," said Chris Penrose, SVP of Advanced Solutions, AT&T. "Our multi-access edge compute solution will help give Phillips 66 the control, performance and security they need from their private network today, while also giving them the flexibility to expand to their other locations in the future."

Mary Beth Gracy, Accenture's client account lead for Phillips 66, said: "The proof of concept of this private network will enable Phillips 66 to selectively deploy connectivity and enable future digital opportunities across the refineries. We will also work with Phillips 66 to bring ecosystem partners to their private cellular network to give a complete end-to-end view of what is happening across the refineries and its supply chain, so that they can continue to innovate."

About Accenture

Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries - powered by the world's largest network of Advanced Technology and Intelligent Operations centers. With 513,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.

# # #

Contacts:

Molly McDonagh

Accenture

+44 7825 023 622

molly.mcdonagh@accenture.com

Whitney Keeble

AT&T

+1 404 861 9236

wg6949@att.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE 0.97% 219.76 Delayed Quote.3.31%
AT&T INC. -0.23% 30.42 Delayed Quote.-23.03%
PHILLIPS 66 -2.38% 66.28 Delayed Quote.-38.88%
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Financials (USD)
Sales 2020 171 B - -
Net income 2020 16 799 M - -
Net Debt 2020 147 B - -
P/E ratio 2020 13,6x
Yield 2020 6,80%
Capitalization 217 B 217 B -
EV / Sales 2019
EV / Sales 2020 2,13x
Nbr of Employees 244 000
Free-Float 93,4%
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Mean consensus HOLD
Number of Analysts 33
Average target price 34,32 $
Last Close Price 30,49 $
Spread / Highest target 54,1%
Spread / Average Target 12,6%
Spread / Lowest Target -44,2%
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NameTitle
John T. Stankey President, CEO, COO & Director
Randall L. Stephenson Executive Chairman
John J. Stephens Chief Financial Officer & Senior Executive VP
Matthew K. Rose Lead Independent Director
Scott T. Ford Independent Director
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