AT&T Unveils $14B 'Project Velocity IP' Network Initiative
AT&T today shared details on how it plans to evolve and grow its wireless and wireline networks and businesses over the coming years. AT&T will invest approximately $8 billion in its wireless network over the next three years in order to cover 250 million Americans with LTE by the end of 2013 and 300 million Americans with LTE by the end of 2014. AT&T also expects to spend about $6 billion on its wireline IP broadband business and make improvements to its backhaul network. AT&T expects to cover 99% of POPs with LTE in the 22 states where it also operates wired internet services. AT&T is hinging its LTE strategy on the FCC's recent approval of its Wireless Communications Services (WCS) spectrum plan. AT&T has been purchasing WCS spectrum in small amounts all year long. Pending regulatory approval, AT&T says it will have 118MHz of WCS spectrum across the U.S. to help supplement its 700MHz LTE network. AT&T also expects to use small cell and distributed antenna systems to increase the density of its wireless network in areas where demand is high. AT&T believes that Project VIP will eventually help it offer wireless home voice and broadband services, enhance its Digital Life (connected home) initiatives, and provide the backbone for connected cars.
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