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

AT&T INC.

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AT&T : Delivers 5G & Networking Capabilities to Air Force Bases

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09/23/2020 | 04:30pm EDT
AT&T Delivering 5G and Networking-as-a-Service Capabilities to Three Air Force Bases as Part of Air Force Push to Modernize

AT&T* will bring 5G and a broad array of Networking-as-a-Service capabilities to support the work of more than 24,000 military personnel on U.S. Air Force bases Buckley Air Force Base, Colorado; Joint Base Elmendorf-Richardson, Alaska; and Offutt Air Force Base, Nebraska.

'We're proud and honored to bring AT&T 5G and other highly innovative commercial networking-as-a-service capabilities to the Air Force,' said Anne Chow, Chief Executive Officer, AT&T Business. 'We are helping the Air Force optimize the value of our 5G and other networking capabilities at these 3 bases and stand ready to work with them to extend these services across the entirety of the Air Force if they so choose.'

The U.S. Air Force is testing our commercial Networking-as-a-Service capabilities at these three bases as an element of its strategy to transform and modernize its networking infrastructure to support air, land and cyber operations. Our solutions and services are provided to these bases under Other Transaction Authority (OTA) Agreements issued by the Air Force to fund its Enterprise IT-as-a-Service (EITaaS) program. The program aims to use commercial networking services to deliver enhanced speed, security and capabilities and an efficient and improved user experience, including near-ubiquitous wireless connectivity across the bases.

'We think it is vital to test commercially provided services like 5G and software-based networking-as-a-service capabilities as we explore ways to help us innovate and improve our global air, space and cyber readiness,' said Col. Justin K. Collins, Deputy, Enterprise IT & Cyber Infrastructure Division, U.S. Air Force. 'We expect 5G service will help us improve the user experience and support a broad array of use cases that can enhance mission effectiveness.'

In addition to 5G services, we are providing capabilities such as a Base Area Network, Wide Area Network, telephony, internet access and highly secure interoperability with legacy systems at the three bases. Our 5G and networking-as-a-service capabilities can support other advanced technology capabilities such as IoT, augmented and virtual reality, robotics, drones, and network edge storage and compute.

The Air Force is benefitting from our considerable investments in our networks and innovative technologies. Over the past 5 years (2015-2019), we invested more than $135 billion in our wireless and wireline networks, including capital investments and acquisition of wireless spectrum and operations.

We completed 5G system design across all three bases and expect to complete delivery of AT&T 5G service to them by the end of 2021.

Go here for more information about AT&T's work in the public sector.

*About AT&T Communications

We help family, friends and neighbors connect in meaningful ways every day. From the first phone call 140+ years ago to mobile video streaming, we innovate to improve lives. We have the nation's fastest wireless network.** And according to America's biggest test, we have the nation's best wireless network.*** We're building FirstNet® just for first responders and creating next-generation mobile 5G. With a range of TV and video products, we deliver entertainment people love to talk about. Our smart, highly secure solutions serve nearly 3 million global businesses - nearly all of the Fortune 1000. And worldwide, our spirit of service drives employees to give back to their communities.

AT&T Communications is part of AT&T Inc. (NYSE:T). Learn more at att.com/CommunicationsNews.

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. Additional information about AT&T products and services is available at about.att.com. Follow our news on Twitter at @ATT, on Facebook at facebook.com/att and on YouTube at youtube.com/att.

© 2020 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. FirstNet and the FirstNet logo are registered trademarks and service marks of the First Responder Network Authority. All other marks contained herein are the property of their respective owners.

**Based on analysis by Ookla® of Speedtest Intelligence® data median download speeds for Q2 2020. Akola trademarks used under license and reprinted with permission.

***GWS Ones core, September 2019.

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Disclaimer

AT&T Inc. published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 19:29:05 UTC


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Financials (USD)
Sales 2020 171 B - -
Net income 2020 12 212 M - -
Net Debt 2020 147 B - -
P/E ratio 2020 16,7x
Yield 2020 7,51%
Capitalization 198 B 198 B -
EV / Sales 2020 2,03x
EV / Sales 2021 1,99x
Nbr of Employees 234 630
Free-Float 93,4%
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Mean consensus HOLD
Number of Analysts 28
Average target price 32,42 $
Last Close Price 27,82 $
Spread / Highest target 36,6%
Spread / Average Target 16,5%
Spread / Lowest Target -38,9%
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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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