AT&T Inc. (NYSE:T) reported that it will include Oracle Network Cloud Service – FastConnect to its NetBond for Cloud ecosystem. Due to this change, the customers will be in a position to access and manage their Oracle Cloud services utilizing NetBond for Cloud’s extremely secure connectivity with high reliability and an improved end-user experience.
Together, Oracle and AT&T can assist international enterprise consumers shatter down obstacles to cloud adoption and take gain of improvements in cost, security, innovation and performance of the Oracle Cloud with NetBond for Cloud solution.
Andy Daudelin of AT&T said that company’s NetBond for Cloud’s on-demand capabilities enable their users to move to the cloud with utmost confidence. Their diverse and deep ecosystem of industry-pioneering cloud providers provides their consumers to fetch even increased value from their cloud plans.
AT&T’s MPLS virtual private network solution offers an extremely secure, low-latency network link for multiple users and locations. This indicates enhanced control, flexibility, scalability and improved performance that can offer access to major business functions and data.
Don Johnson, the SVP of Product Development at Oracle, mentioned that Oracle continues to witness remarkable growth across their cloud business. This association with AT&T further assists their consumers record business transformation in the cloud. With AT&T’s international MPLS VPN and AT&T NetBond for Cloud, consumers can better deploy on their business plans for their high-bandwidth connectivity requirements. This cloud ecosystem is form of more than 20 members offering highly-secure access to over 25 leading cloud services.
Considering the latest price movements, AT&T’s shares price seems ignored. The stock has gone down below the major support of $38 and is trading extremely close to its 52-week low. In the last trading session, the stock declined 0.62% to close the day at $36.60. The market cap of the firm stands around $224 billion.