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AT&T (T) Augments FirstNet Network in Northern Minnesota

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AT&T Inc. T has announced the expansion of the FirstNet network that will augment the wireless communications of Northern Minnesota’s first responders.

FirstNet is built with AT&T in a public-private partnership with the FirstNet Authority — an independent agency within the federal government.

FirstNet is a nationwide, high-speed wireless broadband network that is dedicated to public safety. It allows first responders, emergency personnel and other essential workers to communicate during an emergency.

AT&T has added a new, purpose-built cell site (primarily powered by solar) located on the Echo Trail northwest of Ely near Meander Lake and Lake Jeanette State Forest. This FirstNet site will provide coverage, along the Echo Trail, and give first responders priority access to voice and data.

The FirstNet build is being done with feedback from public safety officials for better coverage and capacity. Other FirstNet sites already launched in Minnesota communities include Bagley, Blackduck, Cloquet, Finlayson, Graceville, Grygla, Hovland, Isabella, Lewiston and Williams.

AT&T is rolling out a high-quality spectrum, Band 14, to extend the reach of FirstNet to give agencies reliable connectivity. The FirstNet Authority granted AT&T the right to use Band 14 specifically to support public safety subscribers.

This new infrastructure will also help improve the overall coverage for AT&T’s wireless customers in the region. The company is increasingly focusing on its customer-centric business model to attract and retain customers.

AT&T’s shares have lost 10.9% in the past year against 7.6% growth of the industry.

Zacks Investment Research
Zacks Investment Research

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The stock currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader industry are Cambium Networks Corporation CMBM, Cogent Communications Holdings, Inc. CCOI and Vicor Corporation VICR, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Cambium delivered a trailing four-quarter earnings surprise of 46.5%, on average.

Cogent delivered a trailing four-quarter earnings surprise of 29%, on average.

Vicor delivered a trailing four-quarter earnings surprise of 80.6%, on average.

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