AT&T to invest US$14bn in US networks

NEW YORK, USA: AT&T plans to spend US$14bn over the next three years on upgrading its networks to boost wireless high-speed Internet in the United States.

The telecommunications company said around $8bn will help boost capacities for fourth generation wireless networks, using Long-Term Evolution (LTE) technology, which delivers fast Internet connections for mobile devices.

Another $6bn will go to fixed-line services the laying of fibre-optic lines.

"This is a major investment that will improve communications infrastructure for the United States and bring high-speed Internet connectivity to millions more Americans," said Randall Stephenson, AT&T chairman and chief executive.

"This investment will improve AT&T's revenue growth and cost structure for years to come and create substantial value for shareholders," he added.

The company plans to expand its 4G network to reach 300m people in the United States by the end of 2014, serving 99% of its customers.

AT&T says it is also trying to get more spectrum to ease the congestion on wireless data from a surge in the number of mobile devices like smartphones being used throughout the country.

AT&T's services, which include TV, Internet and voice communications will be expanded to reach 33m customers by 2015.

Source: AFP via I-Net Bridge