AT&T invests over USD375m in Cleveland from 2010 through 2012
Mar 01, 2013 (M2 EQUITYBITES via COMTEX) --
US communications holding company AT&T (NYSE:T) on Thursday announced an investment of over USD375m in its Cleveland wireless and wireline networks from 2010 through to 2012.
This investment by AT&T was reportedly focused on expanding 4G LTE mobile Internet coverage and enhancing the overall performance of its networks.
Under this investment, AT&T said that its customers are benefiting from nearly 400 wireless network upgrades in six key categories in Cleveland during 2012, including activating new cell sites, adding capacity, upgrading cell sites to provide fast 4G LTE mobile Internet speeds, deploying high-capacity Ethernet connections to cell sites and adding or upgrading Distributed Antenna Systems. These Distributed Antenna Systems boost wireless coverage and capacity in buildings and at major venues like convention halls or sports arenas.
AT&T had launched its 4G LTE network in the Cleveland area in May 2012. The company said that its significant investment over the past three years in its network has kept 99% of all Cleveland-area wireless calls connected in the fourth quarter of 2012 (from October 2012 through December 2012).
Also, under its planned investment to expand the reach of wireless and wired broadband, AT&T recently launched Project Velocity IP (VIP), a three-year investment initiative to expand and enhance its wireless and wired IP broadband networks.
As a part of Project VIP, AT&T plans to increase the density of its wireless network by deploying over 10,000 macro sites, over 1,000 distributed antenna systems and more than 40,000 small cells.
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