AT&T Plans Major Investments in Anticipation of Market Recovery
March 15, 2009
ShareThisIn anticipation of consumer demand which it expects will escalate when the economy rebounds, AT&T has announced it will invest between $17 and $18 billion this year to extend its wireless and wired broadband networks.
The company expects to add 3,000 jobs this year to meet the growing demand for products enabled for use by wireless broadband networks. Expansion of AT&T’s 3G network and 3G services is a top priority and the company will add 2,100 new cell sites across the U.S.
The company’s chairman and CEO, Randall Stephenson, says that data traffic on the AT&T wireless broadband network is growing at a rate of 50 percent per year.
“We recognize the continuing importance of investing in critical network infrastructure, which plays a key role in driving commerce, innovation and job growth,” says Stephenson.
For more read the story in the Dallas Business Journal: