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AT&T announced plans on Tuesday to add approximately 3,000 jobs in 2009 in order to support customer demand in its wireless, broadband and video businesses.
The company also said it plans to invest $17 billion to $18 billion this year, in line with its 2007 capital expenditures of $17.7 billion.
Approximately two-thirds AT&T's investment will be used to extend and improve the company's wireless and wired broadband networks to provide more coverage, speed and capacity, the company said.
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Toby Jorrin / AP |
"We expect [broadband] demand will only escalate when the larger economy rebounds, and AT&T's continued strong network investment will help ensure that we're fully ready to support the next wave of economic growth," Randall Stephenson, AT&T's chairman and CEO, said in a press release. "We recognize the continuing importance of investing in critical network infrastructure, which plays a key role in driving commerce, innovation and job growth."
Shares of AT&T were up [T
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] more than 5 percent Tuesday.
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