AT&T to build 4 undersea cables to expand its network
AT&T, USA's top phone company is planning to invest $1 billion in building four undersea cables to Japan and rest of Asia in order to expand its network services; senior company officials have said.
The bulk of this investment will be outside the United States, where AT&T in 2007 spent $750 million of its total investment of about $18 billion, Greg Brutus, a spokesman for AT&T Asia Pacific region, told reporters in the Indian capital, New Delhi, reports #-Link-Snipped-#.
The company will initially offer virtual private local area networks over ethernet in 14 cities in Europe and Asia and will have a presence in 29 countries by the end of the year, AT&T said in a statement.
The bulk of this investment will be outside the United States, where AT&T in 2007 spent $750 million of its total investment of about $18 billion, Greg Brutus, a spokesman for AT&T Asia Pacific region, told reporters in the Indian capital, New Delhi, reports #-Link-Snipped-#.
The company will initially offer virtual private local area networks over ethernet in 14 cities in Europe and Asia and will have a presence in 29 countries by the end of the year, AT&T said in a statement.
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durga ch.. thats makes me wonder, hows the telco market in US? has it saturated? and is it the driving force behind this 1B$ investment?
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