AT&T teams up with RingCentral
AT&T (T) has recently extended its relationship with RingCentral (RNG) to provide cloud-based communication services to more businesses. RingCentral is a leading provider of global enterprise cloud communications and collaboration solutions.
AT&T to grow its technologies
AT&T’s Office@Hand, which is based on the RingCentral Office platform, is a cloud-based IP (Internet Protocol) business communications service that allows employees to seamlessly connect with each other through broadband, cellular, and Wi-Fi, as well as work virtually anywhere on a wide selection of devices. It provides mobile-first voice, video, conferencing, messaging, and team collaboration on an open platform.
AT&T has been focusing on bringing technologies required for digital transformation to organizations. It plans to sell its cloud communications and collaboration solutions to companies and vertical sectors, including financial services, healthcare, and government. As a result, AT&T’s business customers could be able to access RingCentral’s technology to enhance productivity.
AT&T to boost profits
AT&T’s earnings have grown in the past four quarters and increased year-over-year for the past three quarters. Substantial gains in wireless customer growth and low postpaid phone churn rates positively impacted its profits in the second quarter of 2018.
It has been trying to grow its customer base, launching attractive unlimited data plans to compete with the unlimited plans of T-Mobile (TMUS) and Sprint (S). AT&T’s acquisition of Time Warner’s movies and television shows have added cable channels HBO and CNN, which has helped it attract more consumers and advertisers to its mobile products.