AT&T Signs $470 Million Deal to Manage MetLife Networks - TheStreet

AT&T

(T) - Get Report

signed a seven-year agreement worth $470 million to manage

MetLife's

(MET) - Get Report

telecommunications networks.

AT&T will manage the insurance and financial services provider's voice and wide area networks and provide connectivity to all of MetLife's locations.

In

New York Stock Exchange

composite trading, shares of AT&T were recently up 63 cents, or 3.1%, to $20.69, while shares of MetLife fell $1.31, or 3.6%, to $35.13.