U-verse with AT&T GigaPower
AT&T (T) continues to expand its U-verse with AT&T GigaPower service across select areas of the US. The service with Internet speeds up to a maximum of 1Gbps (gigabits per second) is now available in ten select markets. The telecom company initiated the service in select areas of the Chicago metro market on April 20, 2015.
According to a company press release on that date, “U-verse with AT&T GigaPower is now available to consumers and small businesses across parts of 10 total markets – Atlanta, Austin, Chicago, Cupertino, Dallas, Fort Worth, Houston, Kansas City, Raleigh-Durham and Winston-Salem.”
This expansion follows the launch of U-verse with AT&T GigaPower in select areas of Atlanta and Houston in April. For more on this topic, read AT&T GigaPower Expands to Select Areas of a Key Market: Atlanta.
Coverage of U-verse with AT&T GigaPower service in Chicago market
According to the company, you can now get U-verse with AT&T GigaPower service in select locations of the Chicago market, including Yorkville, Skokie, Plainfield, Oswego, and Elgin. The network service will become available in more areas of Chicago during the summer of 2015.
The pricing of the service in the Chicago market is similar to what the company is offering in Atlanta. The lowest-priced vanilla Internet service, with a maximum speed of 1 Gbps, costs $120 per month. Bundled with a U-verse TV service, the 1 Gbps Internet service has the lowest monthly price of $150. The lowest-priced triple-play bundle with U-verse TV, unlimited voice service, and Internet with maximum speed of 1Gbps goes for $180 per month.
U-verse is AT&T’s fiber-based video, voice, and Internet offering. It’s similar to Verizon’s FiOS. These fiber-based offerings from telecom companies have Internet speeds that are comparable to those from cable companies such as Comcast (CMCSA) and Time Warner Cable (TWC).
Instead of directly investing in the stock, you can get diversified exposure to AT&T by investing in the Sector SPDR SBI Trust Interest (XLK). The ETF held ~4.2% in the carrier on March 31, 2015. Also, you can get more diversified exposure to AT&T by investing in the iShares Core S&P 500 ETF (IVV). This ETF held ~0.9% in the carrier on the same date.