AT&T will spend $14 billion over the next three years on wireline and wireless network improvements, with a clear goal of covering 300 million Americans with 4G LTE data by the end of 2014, the company announced today.
Not only will AT&T focus tightly on building out its 4G network, but it also has ambitious plans for wireline services. By the end of 2015, the company wants to expand its broadband network to 75 percent of its customers in 22 states, and it aims to have fiber deployed to another 1 million business customers.
“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,” AT&T CEO and chairman Randall Stephenson said in a statement. “We have the opportunity to improve AT&T’s revenue growth and cost structure for years to come, and create substantial value for shareowners.”
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