Boston, MA 03/04/2014 (wallstreetpr) – AT&T Inc. (NYSE:T) is reported to have identified West Delray Beach area of Florida as its base, for its multi-year technology trial project to be used for network upgrades. The project is aimed at developing a high capacity fiber optic line in selected areas and should start anytime soon awaiting approval from the Federal Communications Commission (FCC).
AT&T Inc. (NYSE:T) has already spent over $2 billion in the upgrading of its wireless and wired networks in the greater New Jersey area, since the start of 2011 through 2013. This is in addition to the spending of $675 million in wireless and wired networks in Nevada, also from 2011 through 2013.
AT&T Inc. (NYSE:T) has already launched its LTE mobile broadband connections to over 20 communities and is rolling out advanced fiber optic connections to another 18,450 locations as well as IP broadband connections to 25,050 locations in Florida. To support its network, AT&T acquired 39 lower 700 MHz B Block spectrum licenses valued at $1.9 billion in 2013 from Verizon Communication.
AT&T expansive 4G LTE Connection
AT&T Inc. (NYSE:T) currently operates the largest 4G LTE connection in America covering up to 280 million Americans with the company expecting to cover more people as of the summer of this year, as soon as full deployment of 4G LTE network is reached. AT&T has the largest Wi-Fi network in America with more than 32,000 Wi-Fi Hot spots at popular restaurants hotels and Bookstores.
The massive investment in the wired and wireless connections are expected to increase the competitiveness of the company amidst increased competition from other key players in the industry such as Verizon Communications Inc. (NYSE:VZ) and Sprint Corp (NYSE:S). These are the kind of investments expected to give AT&T the much needed growth platform for improved future revenues and earnings.
AT&T Inc. (NYSE:T) was slightly unchanged on the opening day of the week with its shares going down by a small 0.22% to close the day at lows of $31.86
