AT&T to Invest $350 Million for Fiber Upgrades in North Carolina

AT&T announced plans to invest approximately $350 million throughout the next several years in fiber network upgrades, further broadband deployment and Internet-based technologies in North Carolina. The announcement does not change AT&T's capital expenditure guidance for 2007 and 2008. AT&T said it is in the process of implementing the AT&T U-verse network in the Southeast region and plans to provide a comprehensive update later this year.

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