AT&T to invest $14 bn in US networks

Nov 07, 2012
Shoppers pass an AT&T phone store at the Mall of America in Bloomington, Minnesota. AT&T on Wednesday announced a $14 billion plan over three years to upgrade its networks, much of it to boost wireless high-speed Internet in the United States.

AT&T on Wednesday announced a $14 billion plan over three years to upgrade its networks, much of it to boost wireless high-speed Internet in the United States.

The telecom giant said around $8 billion will help boost capacities for so-called 4G or fourth generation networks, using Long-Term Evolution LTE technology, which delivers fast Internet connections for devices.

Another $6 billion will go to wireline services including fiber-optic lines which deliver Internet and other services.

"This is a major commitment to invest in 21st century communications infrastructure for the and bring high-speed Internet connectivity—4G LTE mobile and wireline IP broadband—to millions more Americans," said Randall Stephenson, AT&T chairman and chief executive.

"We have the opportunity to improve AT&T's revenue growth and cost structure for years to come, and create substantial value for shareowners."

The company plans to expand its 4G LTE to cover 300 million people in the United States by the end of 2014, serving some 99 percent of its customers.

AT&T said it would also be moving to get more spectrum to ease the crunch on wireless data from a surge in the number of mobile devices like smartphones.

The U-verse service offered by AT&T which includes TV, Internet and voice will be expanded to cover as many as 33 million customers by 2015.

Explore further: How WWI codebreakers taught your gas meter to snitch on you

add to favorites email to friend print save as pdf

Related Stories

US approves AT&T spectrum deal

Oct 17, 2012

US regulators approved a plan Wednesday allowing telecom giant AT&T to expand its network with under-utilized spectrum from satellite radio operator Sirius XM.

Bharti Airtel offers 4G service in India

Apr 10, 2012

India's Bharti Airtel said on Tuesday it had become the first company in the country to offer high-speed Internet services using fourth-generation (4G) telecommunications technology.

AT&T takes wraps off wireless data network

Sep 16, 2011

Unbeknownst to most customers, AT&T Inc. has fired up a new wireless data network in five cities in the last few months, offering roughly double the speeds of its older network for a handful of devices.

Verizon says fast 4G wireless coming to 38 cities

Oct 06, 2010

(AP) -- Verizon Wireless said Wednesday that its new wireless broadband network, which offers higher data speeds initially for laptop users, will be live before the end of the year in the cities on the Boston-to-Washington ...

Recommended for you

Cruising high seas, engineers detect fake GPS signals

Jul 29, 2014

Cruising the Mediterranean aboard a superyacht, a Cornell professor and grad student took their Global Positioning System (GPS) research to the high seas. For four days in late June, they tested the newest ...

London mayor expected to say city will rock 5G by 2020

Jul 29, 2014

London mayor Boris Johnson this week will pledge to bring 5G to London in the next six years, reported The Telegraph on Monday. The pledge is part of a more extensive plan for London's infrastructure between ...

FX says overnight ratings becoming meaningless

Jul 24, 2014

(AP)—It's a rite nearly as old as television: the morning after a new show premieres, network executives wait impatiently for the Nielsen company's estimate of how many people watched, and rush to report ...

User comments : 0