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PRIME FiBER Expands Wholesale Fiber Partnership with AT&T to Arizona

1. PRIME FiBER partners with AT&T for fiber access in Arizona. 2. Expansion into Sun City and Peoria follows previous Florida agreements. 3. AT&T aims to expand its fiber footprint through partnerships. 4. This partnership supports AT&T's growth strategy and community connectivity. 5. PRIME FiBER focuses on high-quality fiber infrastructure deployment.

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FAQ

Why Bullish?

AT&T's ongoing expansion into new markets can enhance service offerings and revenue, similar to past expansions leading to stock price increases.

How important is it?

The expansion strengthens AT&T's competitive position and income potential, impacting investor sentiment positively.

Why Long Term?

Long-term market positioning through fiber network expansion may yield sustained growth and customer acquisition over time.

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, /PRNewswire/ -- PRIME FiBER, a commercial open-access fiber infrastructure company, has signed agreements with AT&T for the provision of wholesale fiber access services in the Sun City area of Maricopa County and the City of Peoria, Arizona.PRIME FiBER was established in late 2023 and operates as the wholesale open-access arm of NOVOS FiBER, a retail fiber-to-the-home (FTTH) company serving residents and small businesses. The business is backed by InLight Capital, a private investment firm based in Sugar Land, Texas. The news follows a public announcement by PRIME FiBER and AT&T in 2024 confirming a similar agreement in Naples, Bonita Springs, Golden Gate and San Carlos Park, Florida. Andrew Snead, CEO of PRIME FiBER, shared his excitement about the expansion: "We are thrilled to strengthen our relationship with AT&T by extending our reach into 2 new markets in the greater Phoenix area. Our Florida build is progressing well and adding Sun City and Peoria to our footprint marks another milestone in our mission to expand high-quality fiber infrastructure. We look forward to bringing our services to even more communities in the near future."Erin Scarborough, Senior Vice President of Consumer Product at AT&T added, "We remain highly committed to our converged growth strategy driven by expanding our leading fiber footprint and building on the positive momentum with PRIME FiBER in Florida. We're excited about this expansion in the great state of Arizona, and we will continue to work with service providers such as PRIME FiBER to accelerate our efforts to provide leading converged services to more homes." For more information on partnership opportunities, please visit www.primefiberco.com. About PRIME FiBER PRIME FiBER is an open-access fiber-to-the-home (FTTH) infrastructure provider serving ISPs (Internet Service Providers), infrastructure consolidators and enterprises across the US. PRIME FiBER is funded by InLight Capital, a private investment firm based in Sugar Land, Texas. About AT&TWe help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.About InLight Capital InLight Capital, LLC ("InLight") is a private investment firm based in Sugar Land, Texas. InLight's permanent capital base allows us to pursue an objective of long duration and compounded capital growth. InLight maintains flexibility and discretion of the amount, duration and objectives of its invested capital, allowing for efficient decision making and strategic alignment with all stakeholders. InLight invests across two primary verticals: private investments and real estate.Media Contact: Brittany Alia, [email protected] SOURCE PRIME FiBER WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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