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4-Traders Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

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AT&T Inc. : AT&T Invested More than $800 Million in South Carolina from 2010 through 2012 to Enhance Speeds, Reliability and Performance for Customers

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03/05/2013 | 11:07pm CEST

AT&T* invested more than $800 million in its South Carolina wireless and wireline networks from 2010 through 2012, with a focus on expanding 4G LTE mobile Internet coverage and enhancing the overall performance of its networks.**

"South Carolina citizens and businesses are increasingly relying on wireless and broadband technologies to communicate with each other and to access information," said Governor Nikki Haley. "Private investment in our state's information infrastructure helps create jobs, drive economic growth and expand educational opportunities. I am pleased that AT&T remains committed to bringing state-of-the-art technology to South Carolina."

AT&T made nearly 1,250 wireless network upgrades in six key categories in South Carolina during 2012, including activating new cell sites, adding capacity, upgrading cell sites to provide fast 4G LTE mobile Internet speeds, deploying high-capacity Ethernet connections to cell sites, and adding or upgrading Distributed Antenna Systems, which boost wireless coverage and capacity in buildings and at major venues like convention halls or sports arenas.

"Across South Carolina, this robust investment in the AT&T wireless and wireline networks is important to spurring the economy and creating jobs. In our wireless world, mobile and broadband networks help create economic opportunities for health care, manufacturing, education, transportation and public safety and virtually every other economic sector," said Pamela Lackey, President, AT&T South Carolina.

"We know our customers depend on us for fast, reliable mobile Internet connections at home, work and everywhere in between," said Laurent Therivel, AT&T vice president/general manager for the Carolinas. "Delivering for our South Carolina customers is a top priority and our ongoing investment here is designed to deliver a superior mobile Internet experience, encompassing speed, coverage and reliability."

AT&T launched 4G LTE in the Charleston, Columbia and Greenville in November 2012. AT&T 4G LTE is the latest generation of wireless network technology and provides faster mobile Internet speeds and improved performance on a variety of mobile smartphones and tablets. 

The AT&T 4G LTE network has been nationally recognized for its speed and coverage. AT&T 4G LTE delivered faster average download speeds than any of the competitors in PCWorld's most recent 13-market speed tests, and telecommunications industry analyst firm Frost and Sullivan awarded AT&T its North American Mobile Network Strategy Award for the second year in a row in 2012.

Planned Investment to Expand Reach of Wireless and Wired Broadband

AT&T recently launched Project Velocity IP (VIP), a three-year investment initiative to expand and enhance its wireless and wired IP broadband networks. As part of Project VIP, AT&T plans to increase the density of its wireless network by deploying more than 10,000 macro sites, more than 1,000 distributed antenna systems, and more than 40,000 small cells. Through this initiative, we also plan to:

  • Expand 4G LTE to cover more than 300 million people by year-end 2014
  • Expand the AT&T wired IP broadband network to cover approximately 75 percent of customer locations in our wired service area by year-end 2015
  • Expand the AT&T fiber network to reach 1 million additional business locations by year-end 2015

For more information about AT&T's coverage in South Carolina or anywhere in the U.S., consumers can visit the AT&T Coverage Viewer. Using the online tool, AT&T customers can measure quality of coverage from a street address, intersection, ZIP code or even a landmark. For updates on the AT&T wireless network, please visit the AT&T network news page.

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Financials ($)
Sales 2016 164 695 M
EBIT 2016 29 254 M
Net income 2016 15 204 M
Debt 2016 120 125 M
Yield 2016 4,47%
P/E ratio 2016 17,85
P/E ratio 2017 16,06
EV / Sales 2016 2,34x
EV / Sales 2017 2,26x
Capitalization 265 405 M
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Average target price 42,7 $
Spread / Average Target -1,00%
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Randall L. Stephenson Chairman, President & Chief Executive Officer
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