AT&T Announces $400 Million Planned Investment to Bring New Technology to Consumers in Alabama
Friday, July 25, 2008 12:01 AM
Symbols: T

BIRMINGHAM, Ala., July 25 /PRNewswire-FirstCall/ -- AT&T Inc. (NYSE: T) announced plans to invest approximately $400 million over the next several years in fiber network upgrades, further broadband deployment and Internet-based technologies to bring new services, including innovative television, to Alabama consumers, upon approval of agreements being considered by city and county governments.

'We commend the 213 city and county leaders in 34 individual Alabama communities for their vision in helping to ensure that Alabama is not left behind in efforts to give consumers more choices in the video services market,' said Fred McCallum, state president of AT&T Alabama. 'The local support shown most recently by the Birmingham City Council, including council President Carole Smitherman, and Birmingham Mayor Larry Langford, and the Jefferson County commissioners, including commission President Bettye Fine Collins, will give consumers a new communications and entertainment experience. We look forward to delivering advanced television, voice and Internet services to Alabama.'

On July 8, the Birmingham City Council, with support from the mayor, approved an agreement with AT&T that will enable AT&T to provide these new services to local consumers. That same day, the Jefferson County commission approved a similar agreement.

They join 34 communities across the state in approving similar agreements with AT&T, including Hoover, Bessemer, Midfield, Helena, Bay Minette, Vestavia Hills, Clanton, Tuscaloosa County, Jasper, Madison and Albertville.

'We are continuing to work with other cities and counties around the state that are critical to our investment decisions and look forward to completing these negotiations in the near future,' said McCallum.

In part, the new technology upgrades being considered by AT&T will support Internet Protocol (IP)-based television, high speed Internet and Voice over Internet Protocol (VoIP) services.


Next Page >>
More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate : 
Rate this Commentary  


 Text Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes
 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved