AT&T investment plan includes Ohio
By Jamison Cocklin
AT&T has announced plans to invest $14 billion during the next three years to significantly expand its wireless and broadband networks across the country, with a portion of the money dedicated to Ohio.
In an effort to be more competitive with companies such as Verizon Communications and cable companies such as Comcast Corp., the investment plan will devote $8 billion to network upgrades for mobile data and calling, as well as $6 billion to wire line equipment.
Holly Hollingsworth, a company spokeswoman in Ohio, said AT&T has not yet provided a state-by-state breakdown, but she said that by examining what the company has invested in the state within the past three years, it provides a positive clue for how Ohio stands to benefit.
Between 2009 and 2011, AT&T invested more than $1.4 billion to improve local networks in the state. Combined with the $212 million it spent throughout Ohio in the first six months of this year, that brings AT&T’s total Ohio investment since 2009 to about $1 million per day, Hollingsworth said.
AT&T plans to expand its 4G network to cover 300 million people nationwide by the end of 2014. It also intends to continue acquiring spectrum to make its networks operate more efficiently.
The company’s U-verse offerings, which include television and Internet packages, also will be expanded to more than 8.5 million additional customers under its investment plan. Along with speed upgrades, AT&T will look to improve and expand its fiber network to reach an additional one million business locations.
Randall Stephenson, AT&T chief executive, said the plan will not only make the company a stronger competitor, but it also will improve his company’s cost structure, revenue and overall investor returns.