FRANKFORT, Ky., March 6, 2013 /PRNewswire/ -- AT&T* expects to invest between $600 and $800 million during 2013 to 2015 to support its current network capabilities and expand access to next-generation broadband services in Kentucky. This planned investment will have a direct impact on both wireline and wireless broadband availability in Kentucky.
The planned investment has been enhanced by AT&T's national Project Velocity IP initiative, announced in November 2012. Project Velocity IP is a three-year, $14 billion planned investment to significantly expand and enhance AT&T's wireless and wireline internet protocol ("IP") broadband networks across the country, to support growing customer demand for high-speed Internet access and new mobile, apps and cloud services.
"The Kentucky Senate recognizes the importance of creating the right economic environment to support investment in next generation broadband for Kentucky and that's why the Senate passed SB 88. High speed Internet accelerates global commerce for large and small businesses, it opens up innovation in health care and academics and it helps our state remain a great place to live, work and raise a family," said Kentucky Senate President Robert Stivers.
"I want to thank Senate President Stivers and the members of the State Senate who passed SB 88 to modernize Kentucky's telecommunications laws and rules," said Mary Pat Regan, President of AT&T Kentucky. "Kentucky is in competition with all states to attract investment, innovation and jobs. We are working with elected leaders to ensure that the Commonwealth benefits quickly from investment in new technology."
Investing in Mobile Internet
Among the benefits of these investments:
- 4G LTE Expansion. AT&T plans to expand its 4G LTE network to cover the majority of people in Kentucky. Currently AT&T 4G LTE has been launched in Louisville, Lexington and Bowling Green.**
- Densification & Small Cell Technology. As part of Project VIP, AT&T will increase the density of its wireless network, which is expected to further improve network quality and increase spectrum efficiency.
Investing in Wireline IP Network
AT&T plans to expand and enhance its wireline IP network, including:
- AT&T plans to expand U-verse (TV, Internet, Voice over IP).
- Upgrade U-verse Internet service to speeds ranging from up to 75Mbps to up to 100Mbps with technology upgrades.
- AT&T plans to proactively expand its fiber network to reach business locations in Kentucky.
"We have invested considerable capital in Kentucky in recent years to better serve our customers and to deliver state of the art services like AT&T U-Verse and 4G LTE. Project Velocity IP continues this significant investment that otherwise would not occur," said Regan.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
**Limited 4G LTE availability in select markets. 4G speeds not available everywhere. LTE is a trademark of ETSI. Compatible device and data plan required. Learn more at att.com/network.
AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and internationally. With a powerful array of network resources that includes the nation's largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T │DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world.
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Cautionary Language Concerning Forward-Looking Statements Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
SOURCE AT&T Inc.