AT&T Fiber Expansion And Amazon Alliance Put Valuation Gap In Focus

AT&T (NYSE:T) has formed an alliance with Amazon Web Services and Amazon Leo to modernize U.S. connectivity infrastructure. The collaboration focuses on using cloud services and satellite technology to support broadband expansion, including into underserved communities. AT&T has also completed the acquisition of Lumen’s Mass Markets fiber business, extending its fiber footprint to 32 states. These moves mark a material shift in AT&T’s network strategy and service mix beyond routine quarterly...