AT&T GigaPower to Reach over 14 Million Customers
AT&T’s (T) acquisition of DIRECTV (DTV) will boost AT&T GigaPower coverage. According to an AT&T press release, “With the completion of its DIRECTV acquisition, AT&T will continue to deploy its all-fiber GigaPower Internet access service – the company’s highest-speed Internet service, which allows you to download a TV show in as little as three seconds. When the expansion is complete, AT&T’s all-fiber broadband footprint will reach more than 14 million customer locations.”
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The carrier launched the AT&T GigaPower service in Austin. The telecom company then announced a significant expansion initiative of the service in April 2014.
As you can see in the above figure, AT&T currently offers the service in 15 markets. Some of these markets are Atlanta, Houston, Fort Worth, Dallas, Kansas City, Raleigh-Durham, Winston-Salem, Chicago, Nashville, Miami, Charlotte, and Austin.
The carrier plans to launch AT&T GigaPower in a total of 25 markets. And now, with the DIRECTV transaction, the service will be expanded to reach 2 million additional customers.
About AT&T GigaPower
AT&T GigaPower is a fiber-based, high-speed Internet service for consumers and businesses. It’s an FTTP (fiber-to-the-premises) product with a maximum download speed of 1 Gbps, or gigabits per second—subject to certain conditions.
Instead of investing in AT&T stock, you might consider diversified exposure to the company by investing in the Technology Select Sector SPDR Fund (XLK). The ETF had ~4.6% exposure to the telecom company as of June 30, 2015. You might also consider the iShares MSCI USA Minimum Volatility ETF (USMV). USMV had ~1.6% exposure to the telecom company at the end of June.