AT&T planning large investment to expand LTE network

AT&T will invest $14 billion in the expansion of its LTE network. While AT&T is the second-largest cellular carrier in the US, it lags severely behind rival carrier Verizon in their deployment of LTE. While AT&T managed to sell a record-breaking number of iPhones with the launch of the iPhone 5, customers may decide to drop AT&T in favor of the more-robust Verizon network. The investment will be made over a three-year period, and would cover both wireless and wireline broadband networks. In a statement, AT&T said:

AT&T today announced plans to invest $14 billion over the next three years to significantly expand and enhance its wireless and wireline IP broadband networks to support growing customer demand for high-speed Internet access and new mobile, app and cloud services. The investment plan – Project Velocity IP (VIP) – expands AT&T's high-potential growth platforms, helping drive continued increases in revenues from existing and new products and services, and earnings per share.

AT&T LTE is currently available in a limited number of cities, though the company plans to cover 250 million people with LTE by the end of 2013. This new plan would cover 300 million people by the end of 2014. With almost every new device, flagship or not, launching with LTE support, the expansion of these networks is critical to the long-term viability of any carrier. With AT&T lagging behind in deployment, investments like these are necessary to remain competative. The growth of AT&T’s LTE network will also benefit iPhone users. Currently, the LTE capabilities of the iPhone 5 are not available to most of AT&T’s customers. As LTE covers more areas, more customers will be able to take full advantage of the higher speeds, giving customers a better and more complete experience than they currently enjoy.

Source: AT&T

Joseph Keller

Joseph Keller is a news reporter for iMore. He's also chilling out and having a sandwich.

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There are 9 comments. Add yours.

Dramer77 says:

shit sprint has been secretly turning on LTE in alot of area's.. theyre gonna have more coverage before AT&T here soon... i dont even have LTE here but sprint and verizon does

Roadrunner3429 says:

LTE in Indianapolis is fantastic. Granted I can't get it in my house in northern suburbs, but overall it is awesome. Bring it on AT&T.

TumnusMr says:

AT&T are also turning on LTE unannounced. They announced that LTE would be available in the next city over from my house (definitely out of range from my home city) by the end of the year and I have seen that, but just in this past week they also lit up my home city and we're not very big.

offdahglass says:

Let's not go overboard in stating that Sprint will have more LTE coverage than AT&T. That just lying.

pilotnh says:

This seems to be how AT&T always works. They let Verizon get way ahead, and then some corporate schnub says "oops, we better try to catch up".

valkraider says:

I was still waiting for AT&T to expand it's 3G network...

http://www.rootmetrics.com

Vanti says:

So what about eh whole fiasco about FaceTime over celluar does anyone know whether or not that was resolved?