AT&T (NYSE: T) continues to make headway with the fiber to the building (FTTB) portion of its Project VIP initiative, lighting up 232 multi-tenant buildings in Nevada and San Jose, Calif.
In Nevada, the telco has installed fiber in 32 buildings. As a result, its suite of fiber-based services, including Ethernet and IP/VPN, are now available to over 600 business customer locations.
Through its Project VIP initiative, the telco has invested $110 million in Nevada to expand the reach of its on-net fiber building footprint and its consumer U-verse network.
Over in San Jose, the service provider installed fiber to over 200 buildings, making fiber-based broadband services available to more than 5,000 business customer locations.
Besides San Jose, the telco completed a fiber build to over 450 multi-tenant office buildings throughout the San Francisco metro area earlier this month.
California has been a big investment target for AT&T. The service provider plans to invest $1.5 billion in the state to bring fiber to 800 buildings and serve a total of 30,400 businesses.
AT&T's FTTB initiative is quite extensive. By the end of 2013, it plans to pass 250,000 business customer locations and 1 million additional business customer locations by the end of 2015 with fiber.
While AT&T continued to see revenue compression in the business services market due to a challenging economy and declines in its legacy Frame Relay and ATM services, strategic Ethernet and IP VPN business services grew 15.7 percent in Q3 2013 vs. Q2 2013.
- see the Nevada release
- and the San Jose release
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Updated article on Nov. 27 to note multi-tenant office buildings, not MDUs.