Seeing the rapid growth in apartments and rental properties in the US, AT&T is placing an increasing emphasis on pursuing that market with gigabit broadband service.
In the latest sign of this emerging Gigabit Cities strategy, AT&T Inc. (NYSE: T) announced Wednesday that it has inked a pact with Novare Group, a big commercial real estate developer, to offer 1 Gig service over fiber lines to more than 1,800 SkyHouse apartment units. These high-end apartments are spread across five properties in the Atlanta, Charlotte, Dallas, Houston and Nashville metro areas.
These GigaPower deployments will come on top of AT&T's existing gigabit service to more than 2,500 other SkyHouse apartment units in Sun Belt markets. Those high-end apartment complexes are spread across eight properties in the Atlanta, Austin, Charlotte, Dallas, Orlando and Raleigh/Durham areas.
Look for more of these types of deals as AT&T scrambles to be the first, if not the exclusive, gigabit service provider to the growing MDU market and generally expands its GigaPower footprint in the face of competition from Google Fiber Inc. , Comcast Corp. (Nasdaq: CMCSA, CMCSK) and other major broadband providers. The big telco now offers GigaPower service to more than 1 million homes and business locations in about 20 major markets. Plans call for expanding that reach to another 36 metro areas and more than doubling GigaPower's network footprint by the end of this year. (See AT&T Expands GigaPower to 38 New Metros and Gigabites: AT&T to Out-Gigabit Google in 2017.)
— Alan Breznick, Cable/Video Practice Leader, Light Reading