- change ups
Telecom company invests $200M in market
Over the last three years, a global telecom company has invested about $200 million in its networks that serve businesses and consumers in the area.
AT&T said last week that it invested the money from 2011-2013, expanding and upgrading the speed, reliability and coverage area of its wireless and wired networks in the Grand Rapids-Wyoming market.
In 2013, the investment included 56 network upgrades in the market, including cell sites, wireless and wired network capacity and broadband network connections.
The company delivered fiber-optic connections to 560 businesses, spread across 31 multi-tenant buildings and business parks.
AT&T said it also increased the market penetration of its U-verse Internet and video services, signing up about 16,000 customers.
"AT&T is making robust investments locally to make sure that residents can take full advantage of the latest services and tools and that businesses have the speed they need to compete and grow," said Jim Murray, president of AT&T Michigan.
The majority of the money was focused on developing the telecom company’s 4G LTE network in the market, said Teresa Mask, an AT&T spokesperson.
As for its plans in the market, AT&T is holding its cards close and doesn’t want to give away too much, Mask said.
The company does plan to continue investing in its local networks, for both businesses and consumers.
“We're really excited about the recently launched LTE,” Mask said.