AT&T Pumps $14B USD Into Wired, Wireless Infrastructure Upgrades
November 7, 2012 4:43 PM
comment(s) - last by
AT&T looks to cover 300 million Americans with LTE, 1 million new business users with wired offerings
In its arms race with the nation's top carrier, wireless giant Verizon Communications, second-place AT&T Inc. (
) is digging deep into its pockets, looking to
pour $8B USD
into infrastructure upgrades.
beats Verizon in speed tests
in select markets and offers better fallback 3G speeds than Verizon, thanks to its HSPA+ network. However, it
But big things are ahead, promises AT&T, saying it will cover 300 million Americans with LTE by the end of 2014 -- about twice its current coverage.
AT&T Chairman and CEO Randall Stephenson cheers, "This is a major commitment to invest in 21st Century communications infrastructure for the United States and bring high-speed Internet connectivity — 4G LTE mobile and wireline IP broadband — to millions more Americans."
[Image Source: Reuters/Shannon Stapleton]
Also announced was a planned $6B USD investment over the next three years to beef up AT&T's wired internet, phone, and television offerings. The investment will allow AT&T to expand its wired internet offerings to an estimated 1 million new business customers, as well as many consumer users.
AT&T has been moving aggressively to expand the reach of
its Uverse service
, which competes with the likes Comcast Corp. (
). AT&T feels that it has a key advantage that cable-only providers don't, in that it can offer customers an additional bundled discount for being phone subscribers.
AT&T also announced that it was bumping its shareholder dividend. That decision was made, says Mr. Stephenson due to AT&T's expectation that despite the large capital expenditures, it anticipates continuing to turn tidy profits over the next few years.
This article is over a month old, voting and posting comments is disabled
RE: Still don't get it...
11/7/2012 10:14:20 PM
The point is the same as having a fast CPU even if you don't have massive computations --- the high speed allows for a snappiness in responsiveness.
If you want to treat the limited resource of cell spectrum as an unlimited resource that you can waste by streaming material that could be stored locally on your phone, you are welcome to do so on Sprint and T-Mobile's networks. But don't then complain that those networks have become slow ghettos because the only other people on them are people likewise uninterested in an all-you-can-eat buffet of (slow) data.
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
Verizon Bumps U.S. LTE Coverage to 370 Markets, 75 Percent of Population
August 16, 2012, 3:17 PM
AT&T Posts Strong Earnings, iPhone Activations Drop 43% from Previous Quarter
April 24, 2012, 1:18 PM
Sprint is Biggest Loser in Nationwide 3G/4G Speed Test
April 18, 2012, 2:17 PM
FTC Targets Google Again for Advertising Practices
May 24, 2013, 1:17 PM
Google Engineer Finds Microsoft Security Flaw, Says Company is Hostile About It
May 23, 2013, 10:51 AM
Survey: 94 Percent of Teens Use Facebook
May 22, 2013, 2:53 PM
Congress Looks to Force Extra Protection on Utilities to Combat Cyberattacks
May 22, 2013, 2:24 PM
U.S. Military Cuts Guantanamo Bay Wi-Fi After Alleged Threat by Anonymous
May 21, 2013, 11:00 AM
Yahoo Acquires Tumblr for $1.1 Billion
May 20, 2013, 11:12 AM
Most Popular Articles
High School Student Creates Storage Device that Can Charge in 20 Seconds
May 20, 2013, 6:51 AM
Apples Tries to Use Decade-Old Patents to Ban Samsung Galaxy S IV
May 22, 2013, 3:00 PM
NASA Awards $125,000 Grant for 3D Printed Food on Long-Term Space Travels
May 21, 2013, 1:32 PM
Microsoft Announces Voice-Controlled "Xbox One"
May 21, 2013, 12:55 AM
Seawater Cooling Saves Data Center Big Bucks, Energy, Despite Jellyfish Issues
May 17, 2013, 3:23 PM
Latest Blog Posts
Lumosity: Does it Work?
May 22, 2013, 8:20 PM
Quick Note: Sony "Teases" PS4 Ahead of Xbox Reveal in New Video
May 20, 2013, 12:33 PM
Nokia Introduces Instagram-Like App of Its Own to Help Lumia Sales
May 20, 2013, 7:10 AM
Parents of Pre-Teen Drivers Commonly Practice Distracted Driving Says Study
May 9, 2013, 7:16 AM
Apple's iOS 7 Running Into Internal Delays Due to Massive Overhaul
May 1, 2013, 4:26 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information