AT&T plans to invest $14 billion during the next three years in Project Velocity IP, aimed at “expanding the carrier’s high-potential growth platforms, helping drive continued increases in revenues from existing and new products and services, and earnings per share.” Notes Chairman/CEO Randall Stephenson, “We have the opportunity to improve AT&T’s revenue growth and cost structure for years to come, and create substantial value for shareowners.”

Here’s part of the plan: The carrier will expand its 4G LTE network to cover 300 million people in the United States by year-end 2014, up from its current plans to deploy 4G LTE to about 250 million people by year-end 2013. In addition, AT&T may deploy small cell technology, macro cells and additional distributed antenna systems to increase the density of its wireless network. Its wireline IP network will grow to 57 million customer locations (consumer and small business) or 75 percent of all customer locations by year-end 2015 via a beefed-up U-verse and U-verse IPDSLAM plus speed upgrades.

“AT&T’s announcement of billions of dollars in new investment in wired and wireless broadband networks is proof positive that the climate for investment and innovation in the U.S. communications sector is healthy," says FCC Chairman Julius Genachowski. "Today’s announcement adds to nearly $200 billion of investment in wireless and wireline broadband networks since 2009, and powerful growth in the Internet economy. AT&T has also filed a petition with the FCC today suggesting issues to consider in our ongoing work to modernize our rules for the evolving communications market."

Comments Public Knowledge Senior Vice President Harold Feld, "AT&T is to be applauded for investing in its network and breathing new life into DSL and rural wireless. This investment will not only create new jobs and bring broadband to the heartland, it has the potential to revive competition with cable broadband at a time when many had concluded we were doomed to a cable monopoly.” 

To read more in-depth AT&T details, click here

The Daily

Subscribe
Friday–April 26

NTIA Approves 3 More State BEAD Volume II Proposals

NTIA has approved Kansas, Nevada and West Virginia’s Volume II broadband grant proposals for the $42.5 BEAD program. They join Louisiana, which became the first state to have its Volume II proposal approved

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.