One Big Beautiful Bill Act Fuels AT&T's Fiber Densification

Core Insights - AT&T Inc. is focusing on fiber densification and expanding 5G capacity, driven by the One Big Beautiful Bill Act which unlocks significant mid- and low-band spectrum for rural and suburban areas [1][7] - The company plans to invest in next-generation networks, aiming to deploy fiber to an additional 1 million locations annually starting in 2026, targeting underserved rural communities [2][7] - An integrated fiber expansion strategy is expected to enhance broadband connectivity for both enterprise and consumer markets, with 5G+ services being deployed in various venues [3][7] Company Strategy - AT&T aims to capitalize on broadband demand through continuous infrastructure investments and centralized control, supported by enhanced tax incentives and a renewed spectrum policy [2] - The company plans to deploy 5G+ services in stadiums, retail stores, and airports, while also providing secure 5G facilities for the FirstNet network [3][7] Industry Context - Other telecom carriers like Verizon and T-Mobile are also focusing on fiber expansion, with Verizon enhancing its fiber-optic networks and T-Mobile targeting 12-15 million fiber customers by 2030 [4][5] - Verizon's acquisition of Frontier Communications has accelerated its fiber Internet services, while T-Mobile has launched various fiber service plans with competitive features [4][5] Financial Performance - AT&T's stock has surged 50.8% over the past year, outperforming the industry's growth of 26.7% [6] - The company trades at a forward price-to-sales ratio of 1.63, which is below the industry average [9]