AT&T Ready to Invest $100 Million to Bring New Technology and Video Competition to Nevada Consumers
RENO, Nev., Aug. 17 /PRNewswire-FirstCall/ — AT&T Inc. has announced plans to invest approximately $100 million throughout the next several years in fiber network upgrades, further broadband deployment and Internet-based technologies to bring new services — including cutting-edge television — to Nevada consumers.
The investment commitment is the result of the enactment of Nevada Assembly Bill 526, which reforms video-franchising regulations. The bill brings the benefits of video competition to Nevada consumers by establishing statewide uniform standards that streamline the video-provider authorization process and encourage competition and new investment.
The Nevada Legislature overwhelmingly supported efforts to reform Nevada’s cable-franchising system by passing Assembly Bill 526 by bipartisan majorities in both the Nevada Assembly and Nevada Senate.
“We are continuing to bring good news to Nevada, and our investment in the state communications infrastructure reaffirms our commitment to both the state economy and consumers,” said Hal Lenox, president, AT&T Nevada. “We are excited to bring the most advanced technology in video, voice and Internet services to Nevada consumers.”
“Today’s announcement by AT&T indicates that when we create a pro-business culture in Nevada, companies will want to come here not only to do business but to plant the seeds or create investments that will allow them to grow in our communities,” said Gov. Jim Gibbons. “Both consumers and businesses will benefit from the most advanced technology available, and our economy will continue to grow.”
“Thanks to the progressive business environment in Nevada and a forward-looking Legislature, we will be able to deliver competitive video offers and bring real choices to consumers,” Lenox said. “Those who supported AB 526 can see that progressive telecom policy reform has led to a real investment, competition and deployment of new technologies.”
In part, AT&T’s new technology upgrades will support Internet Protocol (IP)-based television, high speed Internet access and, in the future, Voice over Internet Protocol (VoIP) services.
AT&T’s infrastructure and investment will include a new world of communications and entertainment through AT&T U-verse(SM) service. AT&T is the only national provider to offer a 100 percent IP-based television service, and that makes AT&T U-verse TV one of the most robust and feature-rich services available today.
The planned network investment by AT&T companies in Nevada does not change AT&T’s capital expenditure guidance for 2007 and 2008.
Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains forward-looking statements and financial estimates that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this document based on new information or otherwise.
About AT&T
AT&T Inc. is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world’s most advanced IP-based business communications services and the nation’s leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/.
(C) 2007 AT&T Knowledge Ventures. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
AT&T Inc.
CONTACT: Timi Aguilar of AT&T Inc., +1-303-488-9469, cell,+1-303-946-8835, ta6978@att.com
Web site: http://www.att.com/