John Stankey, CEO of AT&T’s operations division, Thursday briefed the Wall Street Journal (WSJ) about the long-awaited and much-required upgrades that AT&T has planned for improving its wireless bandwidth, to cater to the ever-increasing bandwidth needs of the customers.
With wireless devices like smartphones and e-readers already putting a lot of strain on AT&T’s network, the carrier has decided to enhance its wireless service by increasing its capital expenditure by nearly $2 billion this year.
Nothing that AT&T is currently installing new radio boxes in New York and San Francisco, and plans to continue with the erection of more cell towers in other areas with soaring bandwidth usage, Stankey told the WSJ: “We expect improvements in both markets in the coming months.” The addition of more towers will somewhat alleviate the ‘bottlenecks’ that frequently irk the AT&T users.
As per the WSJ report, AT&T will expectedly spend in the range of between $18 and $19 billion on network upgrades this year – marking a n almost twofold increase over the carrier’s wireless network investment last year.
The upgrade details from AT&T have come close on the heels of its 26 percent leap in fourth quarter profit, which was in line with the analysts’ estimates; as well as its addition of 2.7 million net subscribers, which was almost 1 million more than the analysts’ projections.
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