AT&T unveils USD14bn investment scheme in wireless, wireline networks

8 Nov 2012

US telecoms giant AT&T Mobility has announced plans to invest USD14 billion over the next three years to significantly expand and enhance its wireless and wireline IP broadband networks, with a view to supporting growing customer demand. The investment plan, which has been termed ‘Project Velocity IP (VIP)’, will effectively expand AT&T’s high-potential growth platforms. Amid the numerous initiatives outlined, AT&T Mobility plans to expand its Long Term Evolution (LTE) network to cover 300 million people by year-end 2014, up from its current plans to deploy 4G technology to 250 million by end-2013. In AT&T’s 22-state wireline service area, the company expects its 4G LTE network will cover 99% of all customer locations.

Randall Stephenson, AT&T chairman and chief executive officer, commented: ‘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 … Revenues in our key growth areas — wireless data, U-verse and strategic business services — are all growing at a strong double-digit rate. Project VIP expands our potential in these key platforms and makes them available to many more customers. With our strong balance sheet, these capital investments are manageable. We are very confident in our ability to execute this plan. These are things we’ve done before – logical extensions of proven technologies and already successful businesses’.

United States, AT&T, AT&T Communications