Wednesday, September 11, 2019

AT&T sees progress with ONF's SEBA, Trellis and other projects

Projects like Trellis, SEBA, OMEC, Stratum, and P4 are redefining what a modern network looks like, said Andre Fuetsch, President, AT&T Labs and Chief Technology Officer, speaking at the Open Networking Foundation’s Connect 2019 conference in Silicon Valley/

AT&T is currently using SEBA (Software-Enabled Broadband Access) to deliver gigabit-plus, low-latency home internet access via white box hardware to 500 homes in the U.S. The carrier plans to scale up in 2020 and beyond.

SEBA (SDN Enabled Broadband Access) is a lightweight virtualized broadband platform originally based on a variant of ONF’s R-CORD. It supports multiple virtualized access technologies at the edge of the carrier network (e.g. PON, G.Fast, DOCSIS), allowing each access technology to be controlled by OpenFlow. Furthermore, mediation software is provided to help operationalize the access devices and connect the SEBA implementation to OSS/BSS systems. SEBA supports both residential access and wireless backhaul and is optimized such that traffic can run ‘fastpath’ straight through to the backbone without requiring VNF processing.


Fuetsch also talked about progress with Trellis, which is seeing very deployment as well.

Trellis defines a solution for an open multi-purpose L2/L3 spine-leaf Ethernet switch fabric for edge data centers and for interconnecting multiple sites. It supports Virtualized Network Functions (VNFs) running on servers, network functions implemented directly within the switch fabric itself, and the interconnection of local and remote resources all in a single solution. Trellis builds a non-blocking fabric using OpenFlow controlled white box switching hardware and open source software. The Trellis fabric does not run any embedded control protocols on the switches (e.g. BGP, OSPF or RSTP). Instead, intelligence is moved into applications running on a clustered ONOS controller.

AT&T: 75% of MPLS tunnel data traffic under SDN control

AT&T has reached an inflection point in its efforts to virtualize its network and implement software-defined controls.

AT&T confirmed that 75% of the data traffic running through its multiprotocol label switching (MPLS) tunnels, which connect the core elements of its network, is now under SDN control.

https://about.att.com/innovationblog/2019/09/delivering_sdn_promise.html

RETN deploys Infinera on Europe-Asia terrestrial route

RETN deployed Infinera’s fourth-generation Infinite Capacity Engine (ICE4)-based platform to power its TRANSKZ network.

RETN, which is one of the fastest-growing independent European providers of Internet transit and connectivity services, operates its own end-to-end Eurasian network with unique geographical coverage. The TRANSKZ network stretches across a diverse terrain of more than 15,000 kilometers and interconnects critical markets which are currently underserved territories across the route.

Infinera said the new terrestrial deployment serves as an alternative to subsea cables on the Europe-to-Asia route. Enhanced with the latest-generation equipment, the high-performance network supports three diverse paths of similar lengths from Europe to the border of China via Kazakhstan in partnership with Transtelecom JSC, and offers low-latency and high-capacity services linking all major locations in commercial and financial hubs. Working closely with Infinera, RETN completed the final 4,000 kilometers of the main route in Kazakhstan and deployed services on the long-distance network in less than 30 days, accelerating time to revenue.

“Our network segment from Kazakhstan to the border of China, which we upgraded earlier in 2019 to complete the TRANSKZ network, experiences harsh weather conditions. We also anticipated other potential issues we’ve had to face working in these challenging territories. So, we needed to find the right solution, combined with the technical expertise of RETN engineers, the local partner, and the vendor, to ensure RETN received superior network performance,” said Tony O’Sullivan, COO at RETN. “The Infinera team provided us with the best solution to meet our needs while working closely with our team throughout the entire network deployment. Many years of cooperation have proven Infinera’s solutions to be highly reliable and operate successfully through harsh environmental conditions along very long routes.”

“We are delighted to support RETN with the upgrade of TRANSKZ as they continue to find innovative ways for their customers to meet growing volumes of data coming to and from Europe, China, and beyond,” said Bob Jandro, Senior Vice President, Worldwide Sales at Infinera. “With Infinera’s portfolio, network service providers like RETN are set up for success with solutions that are reliable, agile, and scalable to support the bandwidth increases that customers demand.”

https://www.infinera.com/press-release/RETN-Uses-Infinera-to-Power-New-TRANSKZ-Network-for-Europe-Asia-Connectivity

https://retn.net/

Russia's Inoventica selects ADVA's FSP 3000

Inoventica, one of Russia’s leading IT service providers and data center operators, has selected ADVA's FSP 3000 platform to meet soaring data demand from enterprise and carrier customers by boosting the capacity of its backbone network to 100Gb and up.

The new fully redundant infrastructure leverages ADVA’s QuadFlex line card and OpenFabric cross-connect – two technologies optimized for efficiency and complete flexibility. ADVA’s Select partner, the IT solution specialist Zettaline is also playing a key role in facilitating the project.

ADVA said its FSP 3000 enables significant energy savings and, with its 1RU footprint, occupies very little rack space. Using ADVA FSP 3000 QuadFlex technology, the solution will transport 100Gbit/s data loads over distances stretching to 2,000km across the Moscow metropolitan area. By enabling greater spectral efficiency, QuadFlex delivers extended reach without any need for signal regeneration. Also key is the ADVA FSP 3000 OpenFabric, which creates a distributed architecture, enabling Inoventica to simply and efficiently aggregate lower-speed services.

“ADVA’s technology enables us to take the next step with our infrastructure while also leveraging maximum value from our existing network. With this deployment, we can flexibly respond to soaring data requirements and help our customers to unleash their full potential,” said Vitaly Slizen, CEO, Inoventica.

“We’re proud that Russia’s largest cloud service provider has chosen to harness our technology and expertise. Together with our partner Zettaline, we’ve built a solution that efficiently expands Inoventica’s infrastructure and provides the tools it needs to address today’s key challenges,” commented Andreas Jelinek, senior director, sales, Eastern Europe, Russia and CIS, ADVA.

ADTRAN cites momentum with XGS-PON

ADTRAN cited deployments of its XGS-PON solutions over the past year by network operators in North America, Europe and the Pacific Rim to deliver multi-gigabit services for residential, commercial, industrial and governmental broadband programs.

According to the IHS Markit | Technology Broadband Aggregation Equipment Market Tracker - Q1 2019, ADTRAN is a leading supplier based on ports shipped in North America, EMEA, and South and Central America regions with its 10G EPON, XGS-PON and NG-PON2 solutions. National network operators in Australia, regional service providers and utilities across North America, and alternative operators in Europe are using 10G PON delivered by the ADTRAN Total Access 5000 and SDX 6000 SD-Access platforms.

“Service providers realize they can differentiate themselves by choosing 10Gbps capable point-to-multipoint fiber access technology over traditional, decades-old technologies, creating the most efficient, flexible, scalable and robust service delivery network,” ADTRAN Chief Technology Officer of EMEA and APAC Ronan Kelly said. “We are enjoying tremendous traction with our XGS-PON solutions amongst every service provider type, in almost every region around the world, as providers look to build networks that support Gigabit Society services and applications, setting them apart from their traditional competitors.”

ADTRAN also announced that Australia’s national broadband network builder and operator NBN Co presented ADTRAN with its 2019 “We Are Fearless” award at the “nbn Supplier Summit” in Sydney, Australia. ADTRAN is working with NBN Co and other partners to help build Australia’s national broadband access network “nbn” by 2020.

“We value the wise counsel and expertise ADTRAN brings to all our endeavors, be it technology or advice on partnerships and why an open, multi-vendor ecosystem is important,” NBN Co CFO Philip Knox said. “We are pleased to recognize ADTRAN for being fearless in advocating this approach, as well as helping us provide high-speed broadband to our customers.”

Caixin: Huawei to Raise $844 Million in First On-Shore Bond Sales

Huawei Technologies is seeking to raise RMB 6 billion (US$844 million) in its first sale of bonds to the domestic market, according to Caixin, a business journal in China. The article states that Huawei plans to use the funds for working capital and to maintain financial stability. The Industrial and Commercial Bank of China and China Construction are listed as underwriters.

https://www.caixinglobal.com/2019-09-12/huawei-to-raise-844-million-in-first-on-shore-bond-sales-101461554.html

Mellanox on track to ship over 1 million ConnectX Adapters in Q3 2019

Mellanox Technologies announced it is on track to ship over one million ConnectX and BlueField Ethernet network adapters in Q3 2019, a new quarterly record.

The company says growth is driven by public and private clouds, telco operators and enterprise data centers seeking faster compute and storage platforms.

“We are thrilled to see ConnectX and Ethernet SmartNICs exceed the one million parts shipment mark in a single quarter. We expect this number to continue and grow in the coming quarters as more of the market is transitioning to 25 Gb/s Ethernet and faster speeds,” said Eyal Waldman, president and CEO of Mellanox Technologies.

The BlueField-2 IPU integrates all the advanced capabilities of ConnectX-6 Dx with an array of powerful Arm processor cores, high performance memory interfaces, and flexible processing capabilities in a single System-on-Chip (SoC), supporting both Ethernet and InfiniBand connectivity up to 200Gb/s.

Video - Mellanox's Michael Kagan on SmartNICs



Michael Kagan, CTO and co-founder of Mellanox Technologies, talks about the next step for SmartNICs and the company's newly released ConnectX-6 Dx product driven by its own silicon.

Telefónica looks to sell 50,000 mobile towers

Telefónica disclosed plans to monetise a second portfolio of mobile sites within the next year.

In 2016, some of Telefónica network assets, including 18,000 mobile sites, were spun off into Telxius.

In this second sale of infrastructure assets, the carrier believes it could generate an estimated OIBDA of c. €360 million through the sale of approximately 50,000 sites.

Telefónica operates through a portfolio of c. 130,000 sites globally, and owns, directly or through its subsidiaries, a unique portfolio of c. 68,000 sites across 12 markets. In the UK, Telefónica owns c. 7,000 sites through its 50% interest in Cornerstone, which was jointly created in 2012 by Telefónica and Vodafone to operate their combined nationwide tower site infrastructure and support their active sharing arrangements. Telefónica and Vodafone have agreed to extend the agreement to include 5G roll-out and explore potential monetisation options for Cornerstone.

In Germany, Telefónica Deutschland currently owns nationwide c. 19,000 sites, making it one of the largest single country portfolios in Europe.

https://www.telefonica.com/en/web/press-office/-/telefonica-to-accelerate-the-monetisation-of-its-mobile-telecommunications-infrastructure

Telia appoints Christian Luiga as acting CEO

Christian Luiga has been appointed acting President and CEO of Telia effectively immediately, replacing Johan Dennelind, who announced his resignation in early August. A search for a permanent CEO is underway.

Luiga joined Telia in 2009 and headed Corporate Control until April 2014, when he was appointed CFO of the company. Douglas Lubbe has been appointed acting CFO in Telia Company. His most recent position was CFO of Telia Sweden.

Tuesday, September 10, 2019

Dynamic spectrum sharing with 3.5 GHz CBRS network



A tremendous amount of mid-band spectrum is opening up for enterprises, mobile network operators, cable operators, and new players, Kurt Schaubach, CTO of Federated Wireless, thanks to dynamic spectrum sharing with Citizens Broadband Radio Service (CBRS).

 This video covers:
* The CBRS ecosystem and commercial rollout timeline
* Who is Federated Wireless and what are its key technologies
* How CBRS creates access to spectrum for densification of existing networks and entry for new players
* CBRS in 4G and 5G scenarios

Federated Wireless ready to launch its 3.5 GHz CBRS network

Federated Wireless is ready to begin initial commercial deployment (ICD) of its Citizens Broadband Radio Service (CBRS) spectrum management services to more than 20 customers in both urban and rural markets across 36 states in the U.S. immediately upon FCC public notice of approval.

Federated Wireless confirmed that it is working with customers and partners that represent each of the market segments poised to benefit from this massive swath of midband spectrum. These include Verizon, Charter, American Tower, Airspan, Boingo Wireless, Cambium Networks, Cradlepoint, Contour Networks, Ericsson, ExteNet Systems, Geoverse, JMA Wireless, Landmark Dividend, Motorola Solutions, Nokia, Samsung, Telrad and Wave Wireless.


“Customers from all areas of business across the U.S. will begin to reap the benefits of the higher throughput, improved availability and low barrier-to-entry for high-performance CBRS services made available through shared spectrum in the 3.5GHz range,” said Iyad Tarazi, CEO of Federated Wireless. “We applaud the FCC for its leadership in opening this spectrum for general shared use and its stewardship in bringing the industry and all of its various players to this critical juncture. CBRS will be a huge boon to innovation and help to accelerate new business models.”

“Shared spectrum solutions like CBRS allow us to expand wireless coverage and capacity, especially in dense, high-trafficked areas such as airports and stadiums. The band is part of Boingo’s wireless portfolio and will be key for powering connectivity in the 5G era. We’re pleased to see the FCC’s commitment to opening more spectrum and are excited to begin ICD of CBRS for Boingo’s venue partners.” – Dr. Derek Peterson, Chief Technology Officer at Boingo and Board Member, CBRS Alliance.

https://www.federatedwireless.com/

Federated Wireless raises $51M for CBRS spectrum management

Federated Wireless, a start-up based in Arlington, Virginia, announced $51 million in Series C funding for its Citizens Band Radio Service (CBRS) spectrum management services.

Federated Wireless highlighted its role in the development of CBRS, including:

  • Co-founding the CBRS Alliance
  • Being the first to complete deployment of a nationwide Environmental Sensing Capability (ESC) network
  • Readying multiple customers to deliver CBRS services using its Spectrum Controller (Spectrum Access System or SAS) when commercial services begin this month
The latest funding included contributions from existing investors Allied Minds, American Tower and GIC, Singapore’s sovereign wealth fund, in addition to new investors Pennant Investors and SBA Communications. The

Verizon boosts Virtual Communications Express with VoIP, SD-WAN, Webex Calling

Verizon is rolling out enterprise-specific enhancements to its premier cloud calling solution - Virtual Communications Express (VCE).

Verizon is delivering its VCE solution over its global VoIP service, and reinforced with hosted or premise based SD-WAN connectivity. The solution is also now available across Asia, Europe and the U.S.

Verizon is also now offering VCE via a Cisco Collaboration Flex Plan - Webex Calling. This combines hosted UC&C capabilities and Verizon’s VoIP connectivity with the added flexibility of Cisco’s Flex Plan licensing model. Verizon is the only carrier in the market that supports Cisco Webex Calling in Webex Teams on a private MPLS network providing enterprises with greater security for their business communications.

“To compete globally, businesses need their entire global workforce, whether office based or mobile, to be working at their optimum capacity. First class collaboration capabilities are vital,” comments Alla Reznik, executive director of customer experience, global products and services, Verizon. “By leveraging Verizon’s global network strength and market leading VoIP portfolio, we have developed an enhanced collaboration solution that delivers powerful hosted UC&C features underpinned by superior network connectivity and performance. This enterprise-grade solution will take global business collaboration to the next level.”

"Cisco is excited to be partnering with Verizon and we're delighted to deliver the power of a Single Platform bringing together Webex Calling, Teams and Meetings as the best Enterprise Collaboration solution for our customers. Verizon’s specific enhancements to VCE enables enterprises to heighten employee collaboration by providing a more productive, secure and cohesive environment, " comments Sri Srinivasan, Cisco senior vice president and general manager, collaboration.

SD-WAN: Linking Policy to Carrier Networks for Improved Customer Experience



MEF Annual Meeting – July 2019, Shawn Hakl, Senior Vice President Business Products, Verizon, highlights the importance of the industry’s new SD-WAN services standard published by MEF. Among other things, standardization will help link policy to carrier networks to deliver a greater customer experience.

“SD-WAN is really the control plane for which virtualized functions will be implemented. As we see more capabilities built into the intelligent network – the Software-Defined Network – at the core of carriers, SD-WAN will really be the way that you interface policy with the carrier network.” This will be expressed in ways like enabling users to select slices in a 5G network.

“The work that the MEF is doing around standardization of the SD-WAN spec just makes it easier for that integration to work across multiple types of underlying transport. And what that means to the end user is that it lets them get an overall experience from the network relative to their apps. So you can support a broader range of use cases with specialized needs coming across the network. You can build a better end-to-end application experience, meaning you’ll hit price points more effectively and, more importantly, your guaranteed service resiliency and service capability in an always-on connected world.”

ONF's Stratum Project goes Open Source

The ONF's Stratum SDN project has been released as open source under the Apache 2.0 open source license.

Stratum is an open source, silicon-independent switch operating system for software-defined networks that runs on a variety of switching silicon and various whitebox switch platforms. 

The ONF said the goal of Stratum is to avoid the vendor lock-in found with today’s data planes that feature proprietary silicon interfaces and closed software APIs that tend to lock operators into using a specific hardware technology. The strict contractual relationship of a P4-based interface between a Stratum switch and its controller ensure that the switch can be swapped with a spectrum of alternatives (even those with different switching silicon from a diversity of vendors) without need for controller modification or network retest and validation.  Never before has it been possible to grow and upgrade installations and adopt the latest advancements in switching silicon at the speed of cloud development.

Stratum also exposes a set of next-generation SDN interfaces including P4, P4Runtime, OpenConfig, gNMI and gNOI, enabling programmability of forwarding behaviors, zero-touch operations and full automated life-cycle management. This makes Stratum a key enabler for ONF’s next-generation SDN initiative.

“Bringing project Stratum to open source is an important milestone in furthering the ONF’s open networking movement,” said Guru Parulkar, Executive Director, ONF. “Stratum provides a consistent set of northbound Next-Gen SDN interfaces even as it runs on a wide selection of hardware platforms leveraging a variety of switching silicon. As such, Stratum is becoming the common substrate for ONF’s Next-Gen SDN stack, enabling rapid innovation, zero touch operations and a robust hardware ecosystem.”

https://www.opennetworking.org/stratum/

Vertical Systems: Mid-Year 2019 U.S. Carrier Ethernet LEADERBOARD

The top seven companies on Vertical Systems Group's newly published mid-year 2019 U.S. Carrier Ethernet LEADERBOARD are (in rank order based on mid-year 2019 retail port share): CenturyLink, AT&T, Verizon, Spectrum Enterprise, Comcast, Windstream and Cox. This mid-year LEADERBOARD roster increases from six to seven as Cox moves up from the Challenge Tier.

To qualify for a rank on this LEADERBOARD, network providers must have four percent (4%) or more of the U.S. Ethernet services market. Shares are measured based on the number of billable retail customer ports installed. Vertical Systems Group's Ethernet port share analysis includes the following six service segments from the market perspective of what service providers are offering and enterprise customers are purchasing: Ethernet DIA (Dedicated Internet Access), E-Access to IP/MPLS VPN, Ethernet Private Lines, Ethernet Virtual Private Lines, Metro LAN, and WAN VPLS.

"In the first half of 2019 the U.S. Ethernet market showed steady port growth just above five percent," said Rick Malone, principal of Vertical Systems Group. "The three Cable MSOs ranked on the LEADERBOARD - Spectrum Enterprise, Comcast and Cox - had the highest port growth in this period, spurred in part by SD-WAN customer demand for Ethernet DIA connections to the public Internet."

In addition to the LEADERBOARD providers, all other companies selling Ethernet services in the U.S. are segmented into two tiers as measured by port share.

The Challenge Tier includes providers with between 1% and 4% share of the U.S. retail Ethernet market. For mid-year 2019, the following six companies attained a position in the Challenge Tier (in alphabetical order): Altice USA, Cogent, Frontier, GTT, Sprint and Zayo.

The Market Player tier includes all providers with port share below 1%. Companies in the Market Player tier include the following providers (in alphabetical order): Alaska Communications, American Telesis, Atlantic Broadband, BT Global Services, Cincinnati Bell, Consolidated Communications, Crown Castle Fiber, DQE Communications, Expedient, FiberLight, FirstLight, Fusion, Global Cloud Xchange, Great Plains Communications, Logix Fiber Networks, LS Networks, Masergy, MetTel, Midco, Momentum Telecom, NTT America, Orange Business, RCN Business, Segra, Sparklight Business, Tata, TDS Telecom, Telstra, TPx, Unite Private Networks, US Signal, WOW!Business and other companies selling retail Ethernet services in the U.S. market.

http://www.verticalsystems.com

Citrix enhances its SD-WAN via partnership with Palo Alto Networks

Citrix is collaborating with Palo Alto Networks to enable easy deployment and management of next-generation firewalls within Citrix SD-WAN.

“Applications and workloads are migrating to the cloud at a very aggressive rate and security needs to follow them,” said Chalan Aras, Vice President, SD-WAN and Intelligent Traffic Management, Citrix. “With Palo Alto Networks, we can deliver an advanced SD-WAN security solution that enables companies to protect users, data and applications across branches, data centers and public clouds in a simple, flexible way.”

With the integration of the Palo Alto Networks VM-Series virtual next-generation firewalls and Prisma Access with the Citrix SD-WAN solution (formerly NetScaler SD-WAN), distributed enterprises can enhance their network and cloud protection.

Capabilities include:
  • Build and enforce consistent access control policies based on applications and users across network and cloud
  • Automate provisioning of Palo Alto Networks VM-Series next-generation firewall (NGFW) on the Citrix 1100 appliance, as a virtual network function (VNF)
  • Automate connections to Palo Alto Networks Prisma Access cloud-based firewalls for consistent policy enforcement
  • Streamline provisioning of multi-layer security services from Citrix SD-WAN Orchestrator, available via Citrix Cloud
  • Apply security zone segmentation to protect users, applications, and data
“In today’s hybrid, multi-cloud world, security needs to be as agile as your applications, data and users,” said Adam Geller, senior vice president, Products, Palo Alto Networks. “Together with Citrix, we can deliver an integrated set of products that provide a consistent level of protection to users across the network and both public and private clouds.”

http://www.citrix.com/sdwan

WaveOptics raises $39 million for diffractive waveguides for AR

WaveOptics, a start-up specializing in diffractive waveguides for wearable augmented reality (AR) devices, raised US$39m (£30m) in an oversubscribed Series C funding round.

WaveOptics has developed patented near-eye transparent displays that allow device manufacturers to create wearable devices that combine digital imagery with the real world.

WaveOptics raised an additional $13m (£10m) in the final stage, having raised an initial $26m (£20m) in December 2018. This final stage was supported by existing investor Goertek, a global leader in the design and manufacturing of high-tech consumer electronics, and new investor Hostplus, one of the largest institutional investors in Australian venture capital.

WaveOptics is based in London.

“Completing the Series C funding is another important step for the business, enabling us to accelerate our growth to meet the increasing international customer demand. The oversubscription also validates the quality and potential of our technology to our partners and investors and is clear recognition of our leading position in the AR market. We are seeing significant progress with our customers developing their own products based on our technology. This was demonstrated in the first half of 2019 when we secured a number of significant partnerships with global OEMs and ODMs," stated David Hayes, WaveOptics CEO.

DOCOMO trials 5G in factories with OMRON and Nokia

NTT DOCOMO is working with OMRON Corporation and Nokia to test 5G mobile communication technology inside factories, with the aim of significantly enhancing future manufacturing productivity.

During the trials, DOCOMO, OMRON and Nokia aim to prove the feasibility of using 5G connectivity to create layout-free production lines using Autonomous Mobile Robots—robots that are able to act autonomously in complex and changing environments—as well as the feasibility of human-machine collaboration inside manufacturing plants.

https://www.nttdocomo.co.jp/english/info/media_center/pr/2019/0910_00.html

Monday, September 9, 2019

Elliott calls for strategic refocus at AT&T: Bet big on 5G

Elliott Associates, which now holds a $3.2 billion equity stake in AT&T, published an open letter to the AT&T Board of Directors urging that now is the time for a serious restructuring of the company.

Elliot argues that shareholder returns for AT&T have underperformed for a long period of time. Over the past decade, AT&T’s Total Shareholder Return (stock price plus dividends) has lagged the S&P 500’s TSR by well over 100 percentage points.

Elliot attributes much of the poor performance to a misguided merger & acquisition strategy, pointing to the failed T-Mobile bid, the $67 billion acquisition of DirecTV at the peak of the linear TV business, and the $109 billion acquisition of Time Warner. The letter criticizes the Time Warner deal as having failed to deliver any strategic benefit to the company so far.

On the positive side, the letter recognizes that AT&T "still possesses a world-class collection of leading assets, priced today at historically discounted levels," offering the potential to unlock significant value for shareholders.

Elliot also argues that 5G represents a renewed opportunity for AT&T to reset the wireless narrative because of its premier spectrum positioning, early LTE-Advanced work, the First-Net build, and early market advantage.

Elliot's Activating AT&T Plan calls for: divesting non-core assets; reducing operational inefficiency; instituting capital discipline and aggressively de-levering; and enhancing leadership and oversight. Key to the plan is improved strategic focus, with no more material mergers/acquisitions. Increasing the operational efficiency of the wireless network has to be a priority.

The bottom line: Elliot states that "AT&T can achieve $60+ per share of value by the end of 2021, prior to any strategic actions regarding the portfolio."

https://activatingatt.com/letter/

For its part, AT&T said it looks forward to engaging with Elliott Management and issued the following statement: "AT&T’s Board and management team firmly believe that the focused and successful execution of our strategy is the best path forward to create value for shareholders. This strategy is driven by the unique portfolio of valuable businesses we’ve assembled across communications networks and media and entertainment, and as Elliott points out, is the foundation for significant value creation. We believe growing and investing in these businesses is the best path forward for our company and our shareholders."

See also