Upcoming Investments for Market Expansion in Mexico- Report on AT&T

Jul 24, 2015, 09:00 ET from www.aciassociation.com

NEW YORK, July 24, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on AT&T, Inc. (NYSE: T). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=T

Highlights from our T Report include:

  • Upcoming Investments in Mexico - On June 25, 2015, AT&T's Chairman and CEO Randall Stephenson in a meeting with Mexico President Enrique Peña Nieto, announced the Company's plans to invest approximately $3 billion for expanding its high-speed, mobile Internet service to Mexico. As per the Company, this investment is in addition to the investment of $4.4 billion which AT&T made earlier this year for acquiring Iusacell and NEXTEL Mexico. The release noted that AT&T expects the first phase of its state-of-the-art, high-speed mobile network- covering 40 million Mexicans, will be completed in the next six months. Moreover, by the end of 2016, the Company expects its mobile Internet service will extend to 75 million people with further plans to extend the service to 100 million people by year-end 2018.
  • Introduction of New Plans and Features for Customers --   AT&T also informed about its new plans for its Mexican customers that enable them to use their individual plans in Mexico as well as in U.S.  As per the Company, in the U.S. its Customers on these new plans will be able to use their available community minutes to call friends and family in the U.S. who are on the AT&T network.
  • Investment in Community and its Employees in Mexico -- In its efforts to give back to community Mr. Stephenson informed that in the coming months, the Company will launch its "It Can Wait" campaign in Mexico City, which aims discourage people from texting while driving. The Company added that it also intends to invest in the field of education in order to help more students in Mexico succeed in school and thus get into the workforce. The Company noted that it will also launch a number of programs to support its workforce in Mexico.
  • New Appointment to Board - As per another release dated June 26, 2015, AT&T has appointed Richard W. Fisher to its Board of directors. Commenting on Mr. Fisher's appointment, Randall Stephenson, AT&T Chairman and CEO said, "Richard brings extraordinary banking and foreign policy experience to our board. His extensive financial, trade and regulatory expertise, along with his deep understanding of Mexico and Latin America, make him an invaluable addition to an already strong and diverse board of directors representing AT&T shareholders."

To find out how this influences our rating on AT&T, Inc. read the full report in its entirety here: http://www.aciassociation.com/?c=T

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