AT&T invests $14 billion in broadband networks

Making a good call?

AT&T announced plans to invest $14 billion over the next three years to significantly expand and enhance its wireless and wireline IP broadband networks to support growing customer demand for high-speed Internet access and new mobile, app and cloud services.

The investment plan expands AT&T's high-potential growth platforms, helping drive continued increases in revenues from existing and new products and services, and earnings per share.

"This is a major commitment to invest in 21st century communications infrastructure for the United States and bring high-speed Internet connectivity, 4G LTE mobile and wireline IP broadband to millions more Americans," said Randall Stephenson, AT&T chairman and CEO. As a result of the news, U.S. cell tower owners such as American Tower (AMT), SBA (SBAC) and Crown Castle (CCI) all got a nice lift in their share price.

AT&T (T : NYSE : US$33.64), Net Change: -1.16, % Change: -3.34%, Volume: 45,950,063

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