AT&T has reached a deal to invest about $1 billion to improve the Commerce Department's FirstNet and deliver $1 billion in cost savings for the program via reduced rates, a U.S government agency said on Tuesday.
Chief Executive John Stankey agreed to the new terms for the FirstNet program last week, after talks with Commerce Secretary Howard Lutnick, according to people familiar with the matter.
In the latest trading session, AT&T (T) closed at $28.78, marking a -1.1% move from the previous day.
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AT&T Inc. (T) Presents at NSR/BCG Global Connectivity Leaders Conference - New York Transcript
T expands 5G into NYC subway tunnels with Boldyn, tackling connectivity gaps and eyeing subscriber growth from first-mover advantage.
It feels like 2026 is the year that boring stocks became somewhat exciting again.
T launches a new AI-powered app to unify wireless and home Internet management with smarter controls and personalized insights.
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T vs. VZ: 5G growth, fiber expansion, and valuation tilt the edge. See which telecom stock offers better upside now.
AT&T (T) reached $27.41 at the closing of the latest trading day, reflecting a -1.58% change compared to its last close.