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AT&T, Opus in Service Deal

Zacks Equity Research

U.S. telecommunication giant AT&T Inc. (T) has struck a deal with New Zealand based Opus International Consultants to render global networking services.

Through the three-year agreement, AT&T’s technological support will connect Opus’ workforce covering 2,500 staff at 76 offices across five countries under one virtual roof. The security services and network acceleration technology of AT&T – the second largest provider of wireless services in North America after Verizon Communications Inc. (VZ) – will also be utilized by the latter to safeguard clients’ data, while providing speedier Internet.

Opus – a leading management and infrastructure consulting firm – has been strategically expanding its business base in phases. Phase One – which was completed in early 2013 – witnessed managed network deployment uniting employees in 58 Opus offices across New Zealand and the United Kingdom. The next phase will see 32 work stations in Canada, Australia and the U.S. being interlinked. This phase is slated to be completed in Jul 2013.

This agreement will enable Opus to roll out several new applications and services to customers using a steady, reliable and protected platform. AT&T's global network will likely be the biggest support system for Opus for executing various transactions.

We believe AT&T – which enjoys strong momentum in both wireline and wireless businesses – has been steadily collaborating with several overseas companies to strengthen its presence in foreign lands. Within the nation, the carrier is constantly making efforts to expand its operational wings.

In recent times, AT&T signed an agreement with IBM Corp. (IBM) to develop a new eCommerce solution that provides an online shopping services platform via mobile application or in-store.

AT&T – which shares business tie-ups with companies like Microsoft Corp. (MSFT) and The Walt Disney Co. – currently retains a Zacks Rank #3 (Hold).

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