Wednesday, November 07, 2012

(BN) AT&T to Invest $14 Billion in Networks, Lifts Dividend

// distribution growth s-curve

AT&T Inc. (T), the top U.S. telephone company, said it will invest $14 billion over three years to improve the networks that deliver wireless communications, high- speed Internet access and television services.

The company is devoting $8 billion to the network that handles mobile data and calling and $6 billion to wireline equipment, Dallas-based AT&T said today in a statement. 

Chief Executive Officer Randall Stephenson is taking steps to help AT&T fend off phone competitors led by Verizon Communications Inc. as well as cable providers such as Comcast Corp. The upgrades will help the company reach a wider customer base, bringing the potential market for U-verse TV, Internet and calling packages to 33 million locations..

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