AT&T to spend $14 billion over the next three years on broadband, wireless infrastructure

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AT&T has announced that it will be dropping a cool $14 billion over the next three years or so to beef up its wireless and wireline broadband networks. Project Velocity IP (VIP) will see the company boost its 4G LTE network to 300 million users by year-end 2014 and expand its wired IP broadband base to 75 percent of customer locations by the end of 2015. In addition, the operator intends to have fiber deployed to a million business locations and plans to expand U-verse by 8.5 million users to 33 million customer locations. It predicts that 99 percent of customers will get broadband services either through terrestrial IP or wireless 4G LTE when it’s all said and done. $8 billion will go toward wireless projects, while $6 billion will help goose up wired broadband — so, nobody can say the telecom giant is hoarding all those profits . Check the PR after the jump for a full breakdown. Continue reading AT&T to spend $14 billion over the next three years on broadband, wireless infrastructure Filed under: Wireless , Internet , AT&T AT&T to spend $14 billion over the next three years on broadband, wireless infrastructure originally appeared on Engadget on Wed, 07 Nov 2012 09:25:00 EDT. Please see our terms for use of feeds . Permalink    |  AT&T  |  Email this  |  Comments

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AT&T to spend $14 billion over the next three years on broadband, wireless infrastructure

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