InfoAnda - AT&T to boost annual spending 16 percent to $22 billion |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

'Hee-Haw' comedy duo member Jon Hager dead at 67 | 10 January 2009
Researchers Find New Region In Earth's Magnetosphere | 8 January 2009
Israel approving new West Bank construction | 7 September 2009

Taiwan dollar at 19-month high; helped by stocks | 15 April 2010

Forum Views () Forum Replies ()

Read more with google mobile : AT&T to boost annual spending 16 percent to $22 billion |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Reihan Salam Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Counterparties: Today's Best Links Million-dollar traders replaced with algorithms Wall Street firms are firing their well-paid derivatives traders and replacing them with computer programs, Bloomberg reports. Read more at Counterparties The FT is reportedly for sale Has Wall Street given up on Romney? Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Obama, buoyed by election win, faces new battles | 3:27pm EST Colorado, Washington first states to legalize recreational pot 4:43am EST Election over but final Florida results still not in 6:19am EST Analysis: Victory puts Obama in position to expand government's reach 3:41am EST Sell-off puts S&P on track for biggest drop since June | 3:05pm EST Discussed 194 Jobless rate seen rising, offering Obama no relief 170 Fuel scarce, East Coast struggles to recover 123 White House race goes down to the wire Sponsored Links AT&T to boost annual spending 16 percent to $22 billion Tweet Share this Email Print Related News Cablevision posts 3rd-quarter loss, higher costs Tue, Nov 6 2012 Pfizer sales weak on vaccine, emerging markets slump Thu, Nov 1 2012 Hurricane Sandy disrupts Northeast U.S. telecom networks Tue, Oct 30 2012 UPDATE 4-Biogen 3rd-quarter profit rises, as does 2012 forecast Thu, Oct 25 2012 Analysis & Opinion AOL: Down so long, itâ€™s starting to look up Procter & Gamble earnings give CEO McDonald some relief Related Topics Investing Simplified » Tech » Hot Stocks » Asian Markets » Reflections are seen in the window of an AT&T store in New York March 21, 2011. Credit: Reuters/Brendan McDermid By Sinead Carew Wed Nov 7, 2012 2:13pm EST (Reuters) - AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to fund upgrades to its wireless and wireline networks, the company said on Wednesday. AT&T shares fell more than 2 percent after the news. AT&T needs to invest to compete better with Verizon Communications Inc, which is ahead in delivering high-speed mobile services, and must improve its rural phone lines, comprised of outdated copper technology. The company also said that it hopes the investments will boost revenue growth by allowing it to chase new opportunities such as adding wireless connections to cars and home security. AT&T said upgrading its wireline network was more attractive financially than other options such as carving off the business or divesting parts of the network. Previously, it said it was considering selling some rural phone lines. "This gives us the opportunity to improve our top-line growth and change our cost structure," Chief Executive Randall Stephenson told analysts at an AT&T event in New York. However investors worried about the hike in annual spending compared with AT&T's capital budget for $19 billion to $20 billion for 2012 even though the company vowed to come in at the low end of the target range this year. "It's a big number and it's not just for one year," Hudson Square Research analyst Todd Rethemeier said. While Verizon Communications sold off many of its hard-to-reach rural phone lines in recent years AT&T was left with the choice of either selling its rural lines or investing in them. It was forced to choose the upgrade option because it could not find a buyer, Rethemeier said. "They're doing it because they really have to do it," said New Street Research analyst Jonathan Chaplin but he added that "the pay-off is unclear." AT&T said the investment would lead to revenue growth 100 basis points above the U.S. gross domestic product, supporting earnings per share growth in the mid-single-digit percentage range for the next three years. But Chaplin was unimpressed with the growth targets which he said were just in line with his previous expectations. "It looks like a giant boost of spending for the results we thought (they'd produce) all along," he said. AT&T shares were down 81 cents or 2.3 percent at $33.99 on the New York Stock Exchange after the news. The S&P 500 stock index was down 2 percent. THREE-YEAR PLAN Included in the three-year spending plan is a budget of $8 billion for expanding the wireless network and $6 billion for upgrading the wireline network, the company said. This will cause capital expenses to increase to the high end of the company's target for spending in the mid-teen percentage range of revenue for the next two years, with spending returning to normal levels in 2015, according to AT&T. The company also plans to tap debt markets to take advantage of historically low interest rates. As a result it expects its ratio of net debt to earnings before interest, tax, depreciation and amortization to increase to the 1.8 range over the next two years from 1.42 at the end of the third quarter. Chaplin said he expects the company will partially offset the blow from the prospect of steeper spending, by using the additional financing to buy back more shares. The company also said it would raise its quarterly dividend to 45 cents per share from 44 cents. Under its plan, AT&T said it would upgrade its wireline network with fiber to reach another 1 million business customers and would provide high-speed Internet service to 75 percent of its wireline customer locations. It will expand its U-verse services, which include high-speed Internet and television services, by a third to cover 43 percent of its network by the end of 2015. The wireline upgrade plans should benefit AT&T's main equipment vendor Alcatel-Lucent, and to a lesser extent Juniper Networks Inc, Cisco Systems Inc and Adtran Inc and Ciena Corp, Morgan Stanley analyst Ehud Gelblum said in a research note. AT&T also plans to expand its high-speed wireless network based on the Long Term Evolution (LTE) standard to cover 300 million people, or most of the country, by the end of 2014. Its previous plan called for coverage of 250 million people by the end of 2013. In comparison, bigger rival Verizon Wireless, a venture of Verizon and Vodafone Group Plc, says it will have upgraded its entire network with LTE by the end of 2013. Ralph de la Vega, the head of AT&T's wireless business, said AT&T's upgrade plan calls for much deeper coverage than its bigger rival. "We might be more conservative in what we call ready than the other guy," he told Reuters. "If we can do it sooner we will but we're not going to compromise coverage." The wireless upgrade should benefit Ericsson and Alcatel Lucent, according to Gelblum. In its efforts to expand beyond just cellphones AT&T plans to start offering a wireless home security services early next year. It has also signed agreements with key car makers for its connected-car initiative, according to de la Vega who declined to provide details about the car deals. The company has set a goal for these businesses to become $1 billion annual revenue opportunities. Asked when he hopes to reach this goal de la Vega said it could be in "two to three years or four to five years. (Reporting by Sinead Carew in New York; editing by Gerald E. McCormick, James Dalgleish and Matthew Lewis) Investing Simplified Tech Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 8 November 2012
Strong quake off Guatemala kills 8, felt in Mexico City |
After Obama win, U.S. backs new U.N. arms treaty talks |
Ghana mall collapse kills four, investigation ordered |
Hague prosecutor urges Libya not to grant amnesty for war crimes |
China's leadership challenge in new era: douse inequality volcano |
Merkel warns Britain against European Union exit |
Suspected French jihadist arrested in Mali |
Apple shares slide to five-month low, competition grows |
AT&T to boost annual spending 16 percent to $22 billion |
VirnetX says jury asks Apple to pay $368 million in patent case |
GPS app Waze starts to tap into location-based ads |
Taylor Swift reigns over Billboard 200, Meek Mill debuts high |
Look who's talking! Kirstie Alley calls Travolta greatest love |
Dad's Army star Clive Dunn dies aged 92 |
Country duo Civil Wars cancel tour, cite discord |
China's Hu says graft threatens state, party must stay in charge |
Turkey to ask NATO for Patriot missiles: report |
Suicide attack on base in Pakistan's biggest city kills one |
Obama victory infuriates Pakistani drone victims |
Strong earthquake off Guatemala kills at least 48 |
Obama to visit Myanmar Novomber 19: Myanmar source |
China submarines to soon carry nukes, draft U.S. report says |
Siemens aims to save 6 billion euros by 2014 |
RIM's BlackBerry 10 platform wins coveted U.S. security clearance |
Lenovo logs weakest quarterly profit growth in more than two years |
At Panasonic, blunt chief looks to force turnaround |
Mom of Modern Family actress denies abuse claims |
At least 18 killed in Afghan bomb attacks: officials |
Syrian rebels kill prisoner as war fuels hatred |
Iran temporarily bans import of some luxury goods: report |
Churches force Malawi to change tune on anti-gay law |
Liberia likely to revise logging contracts over graft: president |
Sudan rebels say downed Antonov plane in oil state |
Russian defense chief crossed Putin's political family |
Exclusive: Google Ventures beefs up fund size to $300 million a year |
Google reaches out to the next billion |
Galaxy S3 takes No. 1 position in smartphone market: research |
Target to showcase CNET reviews as it courts gadget shoppers |
Fan dies in Linkin Park Cape Town concert accident |
Why vampires? Book looks at science behind monsters |
Impressionist nod to fashion on display in Paris |
Popular German Alpine folk band fakes music: producer |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01