AT&T Closes on Atlantic Tele-Network Acquisition and 2 Other Dow Movers to Watch
AT&T Inc. (NYSE:T): Current price $34.22
AT&T has closed on its $780-million purchase of the wireless phone operator Atlantic Tele-Network Inc., which operates under the Alltel brand. The network, with 590,000 subscribers, covers roughly 4.5 million primarily rural residents in Ohio, Georgia, Idaho, Illinois, North Carolina and South Carolina. AT&T will start upgrading the network and will introduce its “4G LTE” service in former Alltel areas by late next year. The giant telecom said Friday that it expects to show growth in its smartphone base by 1 million in the third quarter, with higher smartphone upgrades than the year prior to this, and then a year-over-year decline in upgrades in the fourth quarter.
Verizon Communications Inc. (NYSE:VZ): Current Price $47.95
On Wednesday, a free webinar from Verizon’s small business team will feature the entrepreneur and independent consultant Erika Martin of CAbi LLC, a social selling firm that specializes in women’s clothing, and previous owner of Options LLC, a personal concierge company. During the one-hour webinar, Martin will share tips and insights as to how to start a business. She worked at MCI Telecommunications for 14 years in a number of corporate management positions before becoming an entrepreneur.
Cisco Systems Inc. (NASDAQ:CSCO): Current price $24.28
Cisco announced Monday enhancements to its portfolio of safety and security solutions with video surveillance architectures and new IoT-enabled solutions that facilitate management of millions of linked cameras and devices. The Internet of Things represents the next tech transition where devices will allow us to sense and control the physical world by making objects smarter and linking them via an intelligent network. Video Surveillance Manager 7 provides new capabilities that permit central or multiple operations management of intelligent video surveillance, an open platform for analytics, as well as metadata.