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Business Briefing / Telecom

AT&T to invest to grow network

February 24, 2009|Times Wire Reports

AT&T Inc. plans to invest about $1 billion in 2009 to build out its global network and add business services.

The expansion will include new undersea fiber-optic cables to Alaska, Australia, Asia and Puerto Rico, Dallas-based AT&T said. The company also will offer private networks for corporate use in 18 new countries.

AT&T is upgrading its networks to handle more large file downloads, such as video, as customers pare spending on voice traffic via traditional phone lines.

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