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AT&T Announces $1Billion Investment in Global Network Expansion

Date: 3/7/2008 2:08:33 PM

America’s leading telephone carrier, AT&T Inc., will invest $1 billion this year to expand its networks and services in key global markets, the company reported yesterday.

The majority of this investment will take place outside of the U.S., said AT&T Asia Pacific spokesman, Greg Brutus, speaking with reporters in New Delhi, India. Much of the money will be spent on new fiberoptic undersea cables in Asia, and an Ethernet network in Europe and Asia.

In 2007, AT&T spent $850 million outside of the United States, out of a total investment of $18 billion.

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