Rollout Part of Telco’s $14 Billion Additional Capex Over Next Three Years
As part of a three-year, $14 billion capital investment plan, AT&T said it will widen its fiber-based U-verse network by more than one-third -- or about 8.5 million additional customer locations, for a total potential of 33 million homes -- by the end of 2015, while boosting downstream Internet speeds to up to 75 Mbps.
The telco outlined the plan, dubbed Project Velocity IP (VIP), Wednesday at its annual investor day in New York. Project VIP includes efforts to expand and enhance both its wireless and wireline IP broadband networks.