AT&T to invest $1 billion worldwide

Posted on ZDNet News: Mar 5, 2008 6:00:00 AM

Top U.S. phone company AT&T will invest $1 billion worldwide this year to expand networks and its services in key markets, the company said on Wednesday. The bulk of the investment would be outside the United States, Greg Brutus, a spokesman for AT&T Asia Pacific, told reporters in New Delhi, the Indian capital.

He said the investment would mainly be to build undersea fiber-optic cables in Asia and for an Ethernet network in Europe and Asia. Ethernet is a family of frame-based computer networking technologies used for local area networks. Last year, AT&T spent $750 million outside the United States of its total investment of $18 billion, he said.

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