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AT&T is bringing faster speeds for lower prices to more customers

AT&T announces new converged fiber plans.

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at&T new fiber wireless plans
AT&T is lowering the entry point for faster speeds. | Image by Mergr
If there's one arena where AT&T is outpacing not only T-Mobile, but also Verizon to some extent, it's fast internet. The company is reducing fiber prices, letting those who also bundle cellular service save as much as $420 annually.

Refreshed fiber plans



AT&T will launch new fiber plans on June 7. The 300Mbps tier serves as the new entry-level option, costing $50/month on its own or dropping to $35 if you pair it with wireless. 

The 500Mbps and 1-Gig plans will run $65 and $80, respectively, and their bundle price will be $50 and $60.

Finally, there's now a 5-Gig plan that lands at $125/month standalone, or $100 with cellular service.

Simplifying



AT&T's offerings are currently a little crowded with six different options. The current baseline gives you 100Mbps for $45/month, and there's also a 2-Gig plan sitting at $155/month. Both of those are getting axed.

All current plans are more expensive than the soon-to-be rolled-out versions, but the difference isn't that drastic when you factor in the current discounts.

Why would or wouldn't you switch to AT&T's new plans?
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Capitalizing on its strengths


AT&T has the largest fiber network in the US. The company offers top-tier download speeds and decidedly higher upload speeds than rivals.

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The bundling of wireless and fiber is considered the real convergence strategy, with other internet technologies not coming even close.

AT&T and Verizon have been found to have a higher wireless share in the markets where they also have a fiber network.

While AT&T has offered combo discounts for a while, it's only now that it's explicitly baking them directly into the rate card for all customers.

Lowering the price barrier


According to BNP Paribas, AT&T has lowered the entry point to make the service accessible to new segments, including price-sensitive customers. This is part of the company's strategy to boost fiber penetration to 50%.

The firm further reports that customer focus is shifting from fast speeds to price, which makes AT&T's move all the more prudent.
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