Firstly, The News & Observer in Raleigh reports AT&T would bring its GigaPower service, an ultra-fast Internet service that is approximately 20 times faster than most broadband connections, to North Carolina's Research Triangle area, which includes UNC-Chapel Hill, Duke University, N.C. State University and Wake Forest University. This would mark the second location to receive GigaPower, which is currently available only in Austin, Texas.
The agreement is pending approval by North Carolina municipalities in the aforementioned region.
AT&T has also expanded its contract with Transit Wireless to bring voice and data services to up to 242 additional subway stations throughout New York City, though only 40 of those would be ready by the summer. Transit Wireless is in phase two of a seven-phase project, so maximum coverage likely won't come for several years.
The stock was up 1.37% to $35.40 at 10:58 a.m. on Thursday.
Separately, TheStreet Ratings team rates AT&T INC as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AT&T INC (T) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."