AT&T to invest $14 billion to expand wireless, wireline networks

Published November 07, 2012

| Reuters

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)

URL

http://www.foxbusiness.com/news/2012/11/07/att-to-invest-14-billion-to-expand-wireless-wireline-networks/