Boston, MA 06/20/2014 (wallstreetpr) – AT&T Inc. (NYSE:T) on June 18, 2014 announced that the Raleigh City officials had ratified the agreement with the company in order to introduce ultra-fast Internet services for the businesses and the residents of the city. AT&T Inc. will facilitate Raleigh with the U-verse® with GigaPower℠ through the fiber network. This will be able to offer speeds of up to 1 gigabit per second.
North Carolina Next Generation Network (NCNGN) Initiative: Foundation of the Agreement
The ratified agreement between Raleigh City and AT&T Inc. (NYSE:T) is based on the North Carolina Next Generation Network (NCNGN) initiative which includes six cities, four leading U.S. universities and the local business leaders; who have been working for encouragement of high-speed Internet in the state.
At present, U-verse® with GigaPower℠ is available in a few cities of North Carolina which include Asheville, Winston-Salem, Raleigh, Cary, Greensboro, Carrboro, Chapel Hill, Charlotte and the surrounding areas.
The President, AT&T-North Carolina, Venessa Harrison in this regard said that the company has received a very positive and great input from the North Carolina for deploying fastest available speeds. Harrison added that the ultra-fast fiber network will allow fostering the innovation, enhancing education as well as encouraging growth.
Highlights of the Agreement
As a part of the agreement, AT&T Inc. (NYSE:T) will deploy potential fiber network in the parts of the city in order to deliver ultra-fast broadband.
The U-verse® with GigaPower℠ will help in delivering advanced television services as well as 10X faster Internet speeds to the Raleigh city.
Statement from the President and CEO for the Greater Raleigh Chamber of Commerce
The President and CEO for the Greater Raleigh Chamber of Commerce, Harvey A. Schmitt on this news commented that it was great news for Raleigh’s economic development. Schmitt added that this branded the City of Raleigh as well as the region as leading edge of technology revolution. He further added that this would give the employees as well as the companies a technology meant for operational efficiencies.
