AT&T spends $2.95B on Illinois networks, expands U-verse, business fiber reach
AT&T (NYSE: T) continues to make progress with expanding its local network capabilities and its latest announcement that it invested almost $2.95 billion in its Illinois wireline and wireless networks between 2011 and 2013 is a testament to that trend.
Driven by its Project VIP initiative, AT&T extended the reach of its U-verse service to almost 122,000 new customer locations. On the business side, it extended its fiber network to 21,474 new businesses located at 636 multi-tenant business buildings and business parks.
Perhaps not surprisingly, one of the big cities that got a large portion of this investment during this two-year period was Chicago.
Between 2011 and 2013, the telco invested almost $2 billion on its wireline and wireless networks in Chicago. AT&T expanded the reach of U-verse Internet and video services to 108,000 new customer locations. At the same time, it extended its growing last mile fiber network to 20,703 business locations at 590 multi-tenant business buildings and business parks.
Illinois is just one of many states where AT&T has enhanced its network investments.
In its home state of Texas, the service provider spent more than $3.85 billion to make similar upgrades to enhance its networks in Dallas and Houston, for example. In addition, it recently announced similar network upgrade investments in Alabama, California, Michigan, Missouri and Ohio.