AT&T to Unveil Upgrade Plan to Improve Outlook of Rural Business
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AT&T Inc., the largest U.S. telephone company, plans to tell investors tomorrow that it will extend high-speed Internet service to far-flung customers in an effort to boost sales in its struggling rural business.
Through a combination of upgrades to the phone lines and the expansion of its long-term evolution, or LTE, wireless network, the company would be able to reach customers in rural areas with faster connections. About 23 percent of AT&T’s 52 million subscriber households can’t get broadband lines, according to John Hodulik, an analyst at UBS AG.