AT&T to invest $14B for wireless and wired networks over three years

AT&T can invest $14 billion over future 3 years for wireless and wired capital enhancements, together with AN growth of 4G LTE service to three hundred million individuals by the tip of 2014, the carrier declared these days.

Previously, AT&T aforementioned it’d reach 250 million individuals with LTE by the tip of 2013. to induce the rise, the carrier plans to shop for a lot of wireless spectrum for its LTE service nationwide.

AT&T additionally plans to deploy small-cell technology, macro cells and distributed antenna systems to extend the density of its wireless network and to boost network quality. within the twenty two states wherever AT&T offers wired voice and information services, the corporate plans to possess its LTE network cowl ninety nine of all client locations.

The overall project — known as Project speed information science, or Project dignitary — brings capital defrayment to $22 billion p.a. for future 3 years. Earnings per share square measure expected to grow within the mid-single digits over 3 years due to bigger revenue opportunities from the investments.

Total wireless investments from Project dignitary are going to be $8 billion, and $6 billion for wired investments.

On the wired aspect, AT&T aforementioned it’d expand its U-Verse system for broadband web by a few third, adding 8.5 million locations for a complete of thirty three million. Also, U-Verse speeds are going to be improved to up to seventy five Mbps. AT&T plans to expand its fiber network to succeed in another 1million business customers.

The arrange covers several of the capital enhancements additionally being administrated by Verizon Communications and its wireless subsidiary additionally as Sprint, though on a unique pace and scale.

AT&T business executive Randall Stephenson known as the technologies within the project “logical extensions” of comes AT&T has done before. “We square measure terribly assured in our ability to execute this arrange.”