On Wednesday, Shares of AT&T, Inc. (NYSE:T), gained 2.80% to $32.69.
As part of AT&T’s ongoing efforts to drive economic development and investment in Tennessee, AT&T and representatives from the Jackson Chamber of Commerce declared that the Tiger Jones Technology Park in Jackson, Tenn., has been designated AT&T Fiber Ready. The Tiger Jones Technology Park – the only site in Tennessee to be designated as an Enterprise Site – is the first park in Tennessee to receive AT&T’s Fiber Ready designation.
“I am proud to highlight the Tiger Jones Technology Park as one of many places across Tennessee where AT&T’s fiber infrastructure is in place and ready to assist local businesses drive job creation,” said Joelle Phillips, president of AT&T Tennessee. “Each and every day, our employees are turning our billions of dollars of investment into high-speed Internet for consumers and businesses across Tennessee, and those investments are possible in large part because of the smart, pro-investment policies, championed at the state level by Gov. Haslam and legislative leaders, and because of the pro-business pursuits of local leaders.”
The AT&T Fiber Ready designation assists economic development leaders more effectively position their communities for site selection by emphasizing the availability of high-speed, fiber-based services.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of TOTAL S.A. (NYSE:TOT), declined -0.19% to $42.66, during its last trading session, hitting its lowest level.
TOTAL said Thursday that it has agreed to sell a gas pipeline and gas terminal in the North Sea to North Sea Midstream Partners for 585 million pounds ($905 million) as part of its vast program of asset sales intended to improve cash-flow in response to the oil price collapse.
Total will sell the 362-kilometer Frigg U.K. Pipeline and the St. Fergus Gas Terminal.
TOTAL S.A. operates as an oil and gas company worldwide. The company operates through three segments: Upstream, Refining & Chemicals, and Marketing & Services. The Upstream segment explores and produces oil and gas; ships, trades, and markets natural gas, liquefied natural gas, and liquefied petroleum gas (LPG); generates power; and mines and markets coal.
Finally, Southern Company (NYSE:SO), ended its last trade with 2.61% gain, and closed at $43.61.
The Southern Company and AGL Resources (GAS) declared that the boards of directors of both companies have approved a definitive merger agreement to create America’s leading U.S. electric and gas utility company. Following the agreement, AGL Resources will become a new wholly owned partner of Southern Company in a transaction with an enterprise value of about $12 billion, counting a total equity value of about $8 billion.
For Southern Company, this transaction is anticipated to:
- Be accretive to earnings per share (EPS) in the first full year following the close of the transaction;
- Accelerate predictable long-term EPS growth to 4-5 percent;
- Preserve its strong financial profile and further support investment in the company’s diversified energy platform; and
- Enhance the ability to improvement the growth rate of its dividend, subject to board of directors’ approval.
Under the terms of the agreement, AGL Resources’ shareholders will be entitled to receive $66 in cash for each share of AGL Resources common stock.
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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