AT&T announces $14B expansion
posted Thursday, November 29th, 2012 @ 12:00 pm
AT&T recently announced plans to invest $14 billion over the next three years to significantly expand and enhance its wireless and wireline IP broadband networks to support growing customer demand for high-speed Internet access and new mobile, app and cloud services.
The investment plan — Project Velocity IP (VIP) — expands AT&T's high-potential growth platforms, helping drive continued increases in revenues from existing and new products and services, and earnings per share.
"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," said Randall Stephenson, AT&T chairman and chief executive officer.