AT&T Pledges $250 Billion for New Infrastructure Improvements

From CNET: AT&T on Tuesday announced it will spend $250 billion from now until 2030 to beef up its fiber and wireless networks, expand rural coverage for its satellite partnership with AST SpaceMobile and make other improvements to its US connectivity offerings.

The company, which has 100 million customers and 110,000 employees in the US, said the rollout is part of its 150th anniversary celebration, marking Alexander Graham Bell's invention of the telephone.

John Stankey, the company's chairman and CEO, said, "Today, we're committing more than $250 billion to increase US connectivity competitiveness and expand access to AT&T's leading fiber and wireless networks."

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