AT&T Inc (NYSE:T) invests $1 Billion in Texas Wireless and Wireline Networks


Dallas, Texas 08/08/2013 (Financialstrend) AT&T Inc (NYSE:T) announced its plan to invest $1 Billion in Texas Wireless and Wireline Networks in the First part of this year, this plan of AT&T Inc will improve their performance by providing Broad coverage Great reliability, Excellent overall performance and Blazing speeds which is needed by Texas residents and this is what the company is actually providing with an collection of network improvement completed in the first six months of this year. The investments integrated with small cells, Distributed Antenna Systems, and deployment of new macro cell sites from corner to corner of the state as a part of AT&T’s Project pace IP, a three-year venture arrangement declared last fall to increase and improve its IP broadband networks.

The company also extended and improved its 4G LTE network, which gives deployed new Wi-Fi hot spots and ultra-fast mobile Internet speeds. The company also recently announced its preparation to launch customizable Moto X from Motorola and standard Moto X to its 4G LTE smartphone group and, as people modify the dress they wear and car they drive, by AT&T Inc’s Moto X they can now modify their smartphone, this smartphone can be planned by people in their own aspiration which will be pull together in the United States and will be offered only at AT&T.

After reaching the intraday high price of $35.73, the share prices of AT&T Inc (NYSE: T) closed at $35.59 with an intraday low price of $35.42. The share prices had increased by 0.31 percent by closing on Wednesday with an opening price of $35.42. The 52 week high price was $39.00 and the 52 week low price was recorded as $32.71. With 5.34 billion total outstanding shares, the market capitalization accounts to $189 billion. The intraday share trading volume for yesterday was $13 million whereas the average trading volume of AT&T Inc (NYSE: T) heads up to $20.36 million and 56 percent as institutional ownership.