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: This article misses analysis
11/7/2012 11:35:45 PM
I worked marketing for TV/internet until recently
You get a $5 "bundling" discount off your wireless service if you bundle that with landline services.
Most ATT customers think it's more than that but that's it. 5 bucks.
Now bundling issue itself is whole nuther can of worms that screws most customers but that's getting a bit off topic here.
"Young lady, in this house we obey the laws of thermodynamics!" -- Homer Simpson
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
NPD: Online Shopping is up in 2014, But Brick & Mortar Retail is Booming Too
December 12, 2014, 9:09 AM
Amazon Joins 4K Arms Race, With Free 4K Streaming for Prime Members
December 10, 2014, 10:49 AM
Obama Tells Your Kids to Get Coding for CS Education Week
December 9, 2014, 8:01 AM
Microsoft Offers Office, Xbox, Skype Online Services Bundle for $149 -- 65% Off
December 8, 2014, 2:32 PM
Vimeo Offers 4K Uploads and Downloads, But No Streaming (Yet)
December 8, 2014, 11:55 AM
Comcast Ads "Reeducate" Public on TWC Merger's Net Neutrality "Benefits"
December 3, 2014, 6:01 PM
Most Popular Articles
Air Force Worries Hot Fuel Could Harm F-35, "Proactively" Paints Trucks Shiny
December 11, 2014, 9:06 AM
LaWS (Laser) "Kills" Boat-Hauled Fuel Tanks, UAV "Bomber" in the Persian Gulf
December 12, 2014, 8:31 PM
BlackBerry Classic Sells Out Online (Seriously, It Has) for North America
December 15, 2014, 7:07 PM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
Ford Announces QNX-Powered SYNC 3, Brags It's "More Smartphone-Like"
December 11, 2014, 10:32 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information