As part of AT&T's multiyear strategy to drive sustainable and profitable growth, the company detailed how it will accelerate network innovation, efficiency and structural cost improvement across the largest wireless network in North America1.
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.