AT&T extends fiber to 450 San Francisco buildings

AT&T (NYSE: T) is making its fiber-based network service capabilities available to more California-based businesses by completing the installation of its fiber to over 450 multi-tenant office buildings throughout the San Francisco metro area.

With this latest buildout complete, it will be able to offer its fiber-based broadband services, including Ethernet and cloud, to over 16,000 area business customers.

Two of the buildings that will be served are Two Embarcadero Center and 680 Folsom, both of which are owned by Boston Properties.

The network extension in San Francisco is part of the telco's broader three-year Project Velocity IP (Project VIP) plan, part of which includes deploying fiber to an additional 1 million business locations in its 22-state wireline service area by the end of 2015.

California is one of its largest Project VIP network investment targets. Overall, it will invest $1.5 billion in the state to bring fiber to 800 buildings and serve a total of 30,400 businesses.

Besides California, AT&T has made progress in extending fiber to 107 buildings in Ohio and 93 buildings in North Carolina.  

Providing fiber-based services like Ethernet has become a major business service growth priority for the telco. Despite seeing overall business revenues decline 0.9 percent sequentially to $8.8 billion, next-gen business services, which include Ethernet and IP VPN, grew 15.7 percent in Q3 2013 vs. Q2 2013.

For more:
- see the release

Special report: AT&T's $14B Project VIP: breaking out the business service, U-verse numbers

Related articles:
AT&T extends fiber into 107 buildings in Ohio through Project VIP initiative
AT&T lights 93 North Carolina buildings with fiber as part of Project VIP initiative