Feeding the Need for Speed: AT&T's Grand $42.5B Plan to Expand Fiber-Optic Reach
Portfolio Pulse from Anusuya Lahiri
AT&T plans to expand its fiber-optic cable network with a $42.5B investment, partnering with BlackRock and seeking government funding. The company aims to cover over 30 million homes and businesses by 2025.
May 18, 2023 | 1:09 pm
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POSITIVE IMPACT
BlackRock is partnering with AT&T to fund the $42.5B fiber-optic expansion, which could lead to increased revenue and growth.
BlackRock's partnership with AT&T in the fiber-optic expansion could lead to increased revenue and growth for the company as it helps fund the project. This could have a positive impact on BlackRock's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
AT&T is investing $42.5B in expanding its fiber-optic network, which could increase its market share and improve its services.
AT&T's fiber-optic expansion will allow the company to offer faster internet speeds and reach more customers, potentially increasing its market share and improving its services. This could positively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AT&T's fiber-optic expansion could increase competition for T-Mobile, which relies on cellular towers for broadband service.
As AT&T expands its fiber-optic network, it could increase competition for T-Mobile, which relies on cellular towers for broadband service. This increased competition could negatively impact T-Mobile's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Verizon could face increased competition from AT&T's fiber-optic expansion, as it also relies on cellular towers for broadband service.
AT&T's fiber-optic expansion could increase competition for Verizon, which also relies on cellular towers for broadband service. This increased competition could negatively impact Verizon's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60