|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||59.40 - 61.30|
|52-week range||50.00 - 74.90|
|Beta (5Y monthly)||0.30|
|PE ratio (TTM)||0.09|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
AT&T opts to leverage Ericsson's (ERIC) industry-leading wireless equipment portfolio to expedite open RAN deployment across the United States.
AT&T (NYSE: T) is betting big on new open-source telecom equipment that it says will save it billions over time. Investors are excited about the development, sending AT&T shares up about 3% as of 11 a.m. ET Tuesday. AT&T has agreed to buy upwards of $14 billion worth of hardware and services from Swedish equipment supplier Ericsson (NASDAQ: ERIC), part of the company's transition away from proprietary technology and toward what is known as Open and Interoperable Radio Access Network tech, or Open RAN.
AT&T (T) has replaced Nokia for Ericsson for revamping its network infrastructure and deploy Open RAN across the country.