AT&T Inc. May Expand Ultra-Fast Fiber Network to 100 Areas

AT&T will begin conversations with area leaders to explore the potential of it expanding the capabilities of its high-speed GigaPower network to up to 21 different metropolitan statistical areas.

Apr 21, 2014 at 3:39PM

Today AT&T (NYSE:T) announced it would begin conversations with civic leaders in consideration of expanding its fiber network to up to 100 new municipalities across the United States.

The areas include 21 metropolitan statistical areas (MSAs) across the United States, including Atlanta, Chicago, Los Angeles, Miami, and San Francisco. Previously AT&T announced four places it would explore  installing the service. Called GigaPower, the service has a 1-gigabit-per-second speed that is about 100 times what U.S. consumers typically get with broadband. AT&T currently has such speeds in Austin, Texas, and has committed to offer the service in Dallas. The company is also in advanced talks to bring GigaPower to two additional markets, Raleigh-Durham, and Winston-Salem, N.C.

"We're delivering advanced services that offer consumers and small businesses the ability to do more, faster, help communities create a new wave of innovation, and encourage economic development," noted AT&T Home Solutions Senior Executive Vice President Lori Lee in today's announcement. "We're interested in working with communities that appreciate the value of the most advanced technologies and are willing to encourage investment by offering solid investment cases and policies."


Image Source: AT&T

The press release highlighted the reason behind this was to allow both consumers and businesses the ability to use the capabilities of the AT&T U-verse with GigaPower fiber technology to outpace current Internet speeds provided by cable and other solutions. As shown in the chart to the right, the GigaPower service can deliver speeds up to 1 gigabit per second, which could allow for up to 25 songs to be downloaded in a second.

AT&T noted its expansion to new cities would be based on whether the areas had appropriate network facilities, receptive policies, and are those that "show the strongest investment cases based on anticipated demand." The company said it may start building some of the new networks by the end of the year. None of the new markets are in the Northeast because AT&T doesn't have landline operations there.

The release also highlighted the expansion of its fiber network is not anticipated to have an impact on AT&T's capital investment allocation for 2014, but it was a part of the Project Velocity IP, which is its efforts to both enhance and expand its high-speed networks in response to increased consumer demand.

-- Material from The Associated Press was used in this report.


Patrick Morris has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

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Everything else is details. 

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