AT&T Adds Another Automaker to Its Wireless Scorecard

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By Trey Thoelcke Published
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Volvo has tapped AT&T Inc. (NYSE: T) to provide wireless connectivity to its 2015 models, out later this year, in the United States and Canada. Terms of the multiyear agreement were not disclosed.

AT&T, the second-largest U.S. wireless carrier, has been perhaps the most aggressive in pursuing one of the fastest-growing new wireless markets as smartphone service reaches saturation. AT&T already has deals with General Motors Co. (NYSE: GM), Audi and Tesla Motors Corp. (NASDAQ: TSLA) to supply their wireless connectivity.

The new connection will power Volvo’s Sensus Connect system, which also is linked to its Volvo On Call service. That provides remote access to some car functions and an emergency crash notification service.

More than 20 percent of the cars sold in 2015 will have built-in connectivity, according to according to the GSMA industry association. All cars will be network connected by 2025.

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AT&T also reportedly will expand its connected car services to Asia. The company says it has an agreement with an unnamed automaker outside Asia to have cars using AT&T’s wireless services in China and other markets within weeks.

AT&T is looking to fend off rising competition from the likes of T-Mobile US Inc. (NYSE: TMUS), and it continues to buy back its shares.

Shares of AT&T were up fractionally in late morning trading Wednesday, at $35.82 in a 52-week range of $31.74 to $39.00.

ALSO READ: Wireless War Heats Up as AT&T Goes on Hiring Spree

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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