AT&T Inc. (NYSE:T) is ready to expand its high-speed internet service. The telecommunications giant recently announced plans to roll out fiber internet networks to 100 cities in 21 major areas in the U.S. This move would make AT&T a direct competitor to Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL).
AT&T could expand high-speed internet
AT&T Inc. (NYSE:T) U-verse with GigaPower is a high-speed internet service that can deliver broadband speeds of up to 1 gigabit per second. This makes it about 100 times faster than most current internet speeds across the nation. AT&T is considering expansion to the following cities: Atlanta; Augusta, Georgia; Charlotte; Chicago; Cleveland; Fort Worth; Fort Lauderdale; Greensboro, North Carolina; Jacksonville, Florida; Kansas City, Kansas; Los Angeles; Miami; Nashville; Oakland; Orlando; San Antonio; San Diego; St. Louis; San Francisco; and San Jose. The company recently announced plans to install high-speed internet in Dallas and Austin. There are also advanced discussions with North Carolina cities Winston-Salem and Raleigh-Durham.
Senior executive vice president for AT&T Home Solutions Lori Lee explained, “We’re delivering advanced services that offer consumers and small businesses the ability to do more, faster, help communities create a new wave of innovation, and encourage economic development. We’re interested in working with communities that appreciate the value of the most advanced technologies and are willing to encourage investment by offering solid investment cases and policies.”
AT&T looking into the possibilities
Nothing is guaranteed yet. Perhaps AT&T Inc. (NYSE:T) is seeking out potential cities for network upgrades. Just two months ago, Google announced plans to explore major cities for fiber cable. The tech giant’s list of possible cities included Atlanta, Charlotte, Nashville, Phoenix, Portland, Raleigh-Durham, Salt Lake City, San Antonio, and San Jose.
AT&T Inc. (NYSE:T)’s expansion would be part of the company’s Project Velocity IP (VIP) investment plan which would expand wireless and wire line IP broadband. This is all designed to support the ever-growing consumer demand for high-speed internet, mobile/cloud services, and advanced television services.