NEW YORK – AT&T Inc said on Wednesday that it would invest an additional $14 billion over three years to expand its wireless and wireline networks.
The company said that it would spend another $8 billion on its wireless network and $6 billion on its wireline network and that total capital spending would be $22 billion for each of the next three years.
Under the plan, it would upgrade its wireline network with fiber to reach another 1 million business customers. It forecast earnings per share growth in the mid-single digit percentage range for the next three years. (Reporting By Sinead Carew; Editing by Gerald E. McCormick)