AT&T Seeks Satellite Supremacy with Amazon Partnership
AT&T has made headlines recently for its partnership with Amazon to offer satellite internet services. This deal, which uses Amazon's low Earth orbit satellite network, gives AT&T a unique position in the market. Unlike competitors like SpaceX's Starlink service, AT&T is actively pursuing this area and investing in it.
Investors have been wary of AT&T due to concerns about competition from SpaceX, but with this deal, they may be missing out on an attractive investment opportunity. The stock has declined by 12% over the past year, while the S&P 500 has risen by over 16%. This means that AT&T is now trading at a lower valuation than it was previously.
One of the main reasons to invest in AT&T is its dividend yield of 4.3%, which is significantly higher than the average for the S&P 500. With a modest valuation and a strong dividend, investors may find that AT&T stock offers excellent value right now.