Today AT&T announced that it would invest $8 billion to significantly expand and upgrade its wireless networks. The expansion will see the Death Star’s 4G LTE network reach 300 million people by the end of 2014, which is a number that covers the entire country. This is a much more ambitious goal of what the company predicted before, as a previous estimate predicted only 250 million would be covered over the same time.
Of course, the second largest wireless provider in the United States has visions of making even more revenue, this would explain its revised plan of how it’ll roll out LTE in more markets. The company also touted that its plan will improve high-speed connectivity and infrastructure in the US.
“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,” said Stephenson, in a statement about the investment. “We have the opportunity to improve AT&T’s revenue growth and cost structure for years to come, and create substantial value for shareowners.”
In addition, the giant cell phone provider also plans to buy more wireless spectrum to support the expanded LTE network. The way they plan to do this is by investing in small cell technology, macro cells and more antenna systems, as this makes its wireless network more efficient. The Death Star just made a huge step in the LTE battle with Verizon Wireless, as both duopolies continue their dominance.
[via AT&T]