AT&T Pumps $14B USD Into Wired, Wireless Infrastructure Upgrades
November 7, 2012 4:43 PM
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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.
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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.
"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer
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