AT&T to invest $10B in networks
AT&T (NYSE: T) announced plans to make a huge investment into its global enterprise operations. The company said it will spend nearly $10 billion in its networks to boost the reach of wireless, cloud storage and security services.
This latest investment announcement comes on the heels of the telco revealing during its fourth quarter 2015 earnings call that its capital budget would total $22 billion.
One of the initial targets for the $10 billion investment will be to integrate into its wireless network over 6,000 kilometers of fiber in Mexico that currently is used to backhaul its wireless operations. Under that plan it will enhance those fiber assets by investing more in its global network nodes and adding hundreds of salespeople focused on selling business solutions to Mexico-based businesses.
You can read all about AT&T's plan in this FierceTelecom report.