AT&T has expanded its U-verse Internet service, offering speeds of up to 45 Mbps downstream and up to 6 Mbps upstream, coverage to 40 new markets across 15 states.
AT&T's expansion of faster U-verse Internet speeds is part of the company's Project Velocity IP (VIP), a three-year investment plan announced last fall to expand and enhance its IP broadband networks. AT&T plans to upgrade top tier U-verse speeds to up to 100 Mbps in the future.
http://www.att.com
On November 7, 2012, AT&T unveiled Project Velocity IP (VIP) -- its plan to invest $14 billion over the next three years to significantly expand and enhance its wireless and wireline IP broadband network. The plan adds $8 billion for wireless initiatives and $6 billion for wireline initiatives. It also makes a distinction between areas where the company believes are better served wirelessly rather the through a traditional copper network or deploying a fiber infrastructure.
Total capital spending is now expected to be approximately $22 billion for each of next three years. The company said a stronger balance sheet has provided it the financial footing to invest. AT&T is also increasing its quarterly dividend 2.3 percent and is predicting EPS will grow by mid-single digits for the next 3 years with opportunity for stronger growth going forward.
The Project VIP plan includes an upgrade for U-verse to speeds of up to 75Mbps and for U-verse IPDSLAM to speeds of up to 45Mbps, with a path to deliver even higher speeds in the future.
In the 25 percent of AT&T's wireline customer locations where it's currently not economically feasible to build a competitive IP wireline network, the company said it will utilize its expanding 4G LTE wireless network -- as it becomes available -- to offer voice and high-speed IP Internet services. The company's 4G LTE network will cover 99 percent of all in-region customer locations. AT&T's 4G LTE network offers speeds competitive with, if not higher than, what is available on wired broadband networks today.
