Tuesday, March 10, 2009

AT&T to Add 3,?000 Jobs, Reduce CapEx $2-$3 Billion

AT&T plans to invest $17 billion to $18 billion in 2009, in line with its 2007 capital expenditures of $17.7 billion, though not as much as the almost $20 billion it spent in 2008.

About two thirds of AT&T's 2009 investment will go to its wireless and wired broadband networks The company also says it will add almost 3,000 jobs in 2009, primarily to support mobility, broadband and video services.

AT&T also expects to reduce jobs in other areas, primarily wireline. Some of the investment is in more than 2,100 new cell sites across the country, as well as an expansion of 3G service to 20 new markets in 2009. .

AT&T also says it will invest in its IP/MPLS backbone networks, U-verse, more DSL coverage.

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