AT&T details $14 billion Project Velocity IP plan, expects LTE for 300 million people by end of 2014Alex Wagner - Deputy Managing Editor, News Desk
AT&T this morning announced its Project Velocity IP investment plan, which will see the big blue carrier dropping $14 billion over the next three years to beef up its wireless ($8 billion) and wireline IP broadband ($6 billion) networks. On the mobile side of things, AT&T says that it plans to expand its 4G LTE network to cover 300 million people by the end of 2014, and it expects to cover 99 percent of customer locations in the 22 states where it offers wireline service.
AT&T adds that it's already acquired spectrum from over 40 deals so far this year (some of which are still pending review), and that it plans to snag more spectrum for its LTE network. Much of its acquired spectrum was gained through AT&T's plan to use WCS spectrum for its LTE network that was recently given FCC approval. WIth its existing spectrum and what it expects to gain from pending deals, AT&T believes it'll have 118MHz of spectrum across the country. Also part of AT&T's Project Velocity IP are plans to utilize small small cell tech and other distributed antenna systems to help increase the density of its network and improve network quality.
AT&T has been busy working on growing its LTE network as of late, announcing several expansions and acquiring spectrum from various companies. This Project Velocity IP plan is another step in AT&T's efforts to expand its LTE coverage, and while it'll still be a couple of years before AT&T expects to cover 300 million users with its LTE service, customers of the big blue carrier can see that their operator is working to bring LTE goodness to all. AT&T's full Project Velocity IP announcement is available at the link below.