The stock of AT&T Inc (NYSE:T) closed at $39.51 gaining 0.03% in yesterday’s trading session. This company has lately decided to direct its focus to the long-forgotten rural customer. However, the provider attests to the fact that both the set up and the maintenance costs associated with the move are making it spend more than it expected. The company has made tremendous steps towards the expansion of its new fixed wireless internet service.
Technology has been advancing at a very fast pace in recent times. A significant number of service providers are growing more creative by the day. That is the perfect explanation as to why most of them have been performing pretty well in the provision of passable internet and wireless experiences to rural people.
The company’s announcement this week has drawn the interest of a large number of investors. Most of them are considering investing in the company because of this reason and the other changes the provider has been making in the recent times. The connection originating from the wireless tower is associated with speeds of up to 10mbps. It goes without saying that this is exactly what a lot of customers have been looking forward to.
The company’s spokesperson in a recent interview opined, “The rollout is being subsidized by the Connect America Fund, a FCC initiative to apply wireless bill surcharges to rural buildout in order to close the digital divide.”
Kentucky and Wisconsin have praised the company’s efforts outlining that they had already started reaping from the wide array of benefits that were associated with the provided services. The two are looking forward to leverage on the fast speeds towards reaching their set objectives.
In a statement, the company revealed that its wireless internet was now available more than to more 160,000 locations overall. If all goes according to plan, it hopes that by the end of the year it will have expanded the number to hit the 400,000 mark.
Its 2020 vision is to have succeeded at reaching 1.1 million locations. It takes great pride in the fact that it has managed to deploy its service in 26 counties across Texas.