Dallas, Texas 02/27/2014 (FINANCIALSTRENDS) – AT&T Inc. (NYSE:T), the U.S telecom major headquartered in Dallas has announced a slew of investments geared towards expanding its 4G operations and equipping itself to cater to the needs of a larger subscriber base across U.S. This investment cycle comes in spite of continued weakness the stock of this Dow Jones and S& P 500 index stock has exhibited in the past one year.
AT&T Inc. (NYSE:T) disclosed that its move to emerge as one of nations largest 4G network will lead to creation of close to 130 new jobs for locals in the state of North Carolina. The investment spree which began in 2011 has still now led to the firm spending closet to $1.6 billion into laying out an expanded “wireless and wired networks”. The investments lead to more than 1100 employees joining the firm in the state of North Carolina to fill up roles ranging from sales reps, technical support functions and call centre executives. The new head count is also expected to be in the same growing teams highlighted above.
Commenting about the continued expansion of its investments in this pivotal state, AT&T Inc. (NYSE:T) president of North Carolina Ms Venessa Harrison has been quoted to have said that “North Carolina residents depend on our fast and reliable Internet connections more and more every day, whether it’s instant access to files and apps at work, watching a video at home, or even receiving updates from connected cars or home monitors. 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.”
The move to offer 4G services which are expected to bring in more revenue for the firm, seems to be a well thought out risk designed to turn profitable.