Boston, MA 10/21/2013 (wallstreetpr) – AT&T Inc. (NYSE:T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide.
As per the recent announcement by the company, AT & T Inc. has been successful in getting a contract of five years to supply communications and transmission systems. An award has been given by the US Army, in the form of a contract worth $4.1 billion, which will include full service coverage of satellite, microwave fibre optic, etc.
An opportunity has presented itself which will allow the company is to expand its business. General Electric Co, has announced to be partnering with AT & T for the part of Industrial internet that will help to analyse the data. The partnership with General Electric would help the company to analyse the data seamlessly compared to the usage of traditional software in analysing the data. This would result into lowering the fuel cost and increase overall productivity.
The company is also entering into the new agreement with Leap. AT & T is looking to acquire Leap for the consideration of $15 per share in cash. The debt on the books stands at $2.8 billion, and has around 5 million subscribers which will allow the company to grow. It is to be believed that the company would not foresee any difficulty in acquiring LEAP. The acquisition would also give Leap shareholders contingent rights.
Given the roadmap for expansion and developments, there is yet another business deal for the company; as it enters into agreement with Fon for strategic global Wi-Fi. This will help customers to feel the experience of Wi-Fi across the globe as they travel from destination to destination. The service opportunities includes 30,000 hotspots in the area like hotels, book stores, etc. The agreement will include smart-phones and other compatible devices, in which the devices will be supported by the Wi-Fi, through which the company will be able to access the network of Fon.