Sure, Verizon's running those ads that tells you how obvious it is their network is best, but AT&T wants you to know it's not sleeping on the job. Today, the carrier announced that it plans to have LTE coverage for 300 million people by the end of 2014. For those counting, that leaves only about 10 million out in the entire country.
The plan comes as part of a $14bn investment into wireless and wireline services—$8bn of which is going to wireless—that is expected to be carried out over the next three years. The new 2014 estimate will add an extra 50 million LTE customers on top of the already expected 250 million people covered by the end of 2013.
It's not all wireless news, of course. Here's what else AT&T expects to offer:
- 4G LTE network expansion expected to cover 300 million people by year-end 2014
- Wired IP broadband network expected to expand to 75 percent of customer locations in AT&T's 22-state wireline service area by year-end 2015
- Fiber deployment expected to reach 1 million additional business customer locations, covering 50 percent of multi-tenant office buildings in AT&T's wireline service area by year-end 2015
- 99 percent of customer locations in wireline service area expected to have high-speed
IP Internet access via IP wireline and/or 4G LTE
- Investment expected to be approximately $14 billion over three years — $8 billion for wireless initiatives, $6 billion for wireline initiatives; Total capital spending expected to be approximately $22 billion for each of next three years
- Revenue mix following investment period expected to be 90 percent from high-growth areas – wireless, wireline data and managed IT services
- Consolidated revenue growth improves to GDP-growth-rate-plus 100 basis points, assuming stable economy
- EPS expected to grow mid-single digits next 3 years; opportunity for stronger growth going forward
It certainly looks like the nation's number two carrier isn't content to let that position stand, if it has any say over it.