AT&T trades on the New York Stock Exchange under the ticker T. The company is led by John Stankey and is harnessing 5G through its First Responder Network Authority (FirstNet) contract and strong spectrum position, which allows the company to execute a different 5G deployment strategy.
AT&T was awarded the FirstNet contract, which provides the company with access to 20 MHz of nationwide low-band spectrum and furthered this by investing in 5G and millimeter-wave technologies with its acquisition of FiberTower Corporation, which holds significant amounts of spectrum in the millimeter wave bands (39 GHz) that the Federal Communications Commission (FCC) re-allocated for mobile broadband services. These bands help to accelerate AT&T’s entry into 5G services.
At the end of 2020, AT&T’s FirstNet coverage was 80% complete, which is nine months ahead of the deadline in March 2021. Additionally, AT&T has 1.3 million FirstNet connections on its network. The company provides mobile 5G service nationwide to more than 225 million people. AT&T expects that the increased speeds and network operating efficiency provided by 5G technology will enable massive deployments of devices connected to the Internet, faster delivery of data services, and enhance customers’ entire connected experience.