AT&T Inks Agreement With GM’s OnStar and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): Current Price: $35.74
The company has announced an agreement with OnStar, a subsidiary of General Motors (NYSE:GM), to wirelessly deliver an enhanced suite of safety, security, diagnostic and infotainment services to the majority of Chevrolet, Buick, GMC and Cadillac vehicles. This would begin during 2014 in the U.S. and Canada. The multi-year agreement requests that AT&T enable millions of GM cars, trucks and crossovers with 4G LTE mobile Internet access along with a new suite of infotainment services like streaming audio, web access, applications, and even video for backseat passengers. Furthermore, AT&T is to enable GM’s in-vehicle Wi-Fi hotspots and voice calling services. Contractual and financial details of the agreement have not yet been revealed.