AT&T Inc. (NYSE:T) is expanding its wireless reach through a new joint venture with T-Mobile (NASDAQ:TMUS) and Verizon (NYSE:VZ) to improve coverage in underserved areas.

The three telecom giants have agreed in principle to help each other reduce wireless dead zones across the U.S.

All three companies will pool spectrum resources to boost capacity and improve coverage, particularly in rural areas. The partnership will expand mobile access through joint investments in satellite-enabled direct-to-device (D2D) technology.

The companies said the collaboration should give customers a more seamless wireless experience in remote and underserved regions.

AT&T Stock Technical Analysis: Momentum And Key Support Levels

Currently, AT&T’s stock is trading at $24.77, which is approximately 4.2% below its 20-day simple moving average (SMA) of $25.81. The moving average convergence divergence (MACD) is below its signal line, indicating fading momentum, suggesting that the stock may struggle to maintain upward pressure unless it can reclaim that baseline.

The stock has experienced a decline of 6.47% over the past 12 months, reflecting a challenging year. Key resistance is ...