AT&T (T) on Tuesday announced plans to build an advanced fiber optic network that is capable of speeds up to 1Gbps in Austin, Tex. The company’s announcement came shortly after Google (GOOG) confirmed that it will launch its gigabit broadband Internet service, known as Google Fiber, in the city later next year. AT&T didn’t reveal additional details such as an estimated launch date, although the company said it is anticipating that it will “be granted the same terms and conditions as Google on issues such as geographic scope of offerings, rights of way, permitting, state licenses and any investment incentives.” AT&T’s press release follows below.
AT&T Announces Intent to Build 1 Gigabit Fiber Network in Austin
AUSTIN, Texas, April 9, 2013 /PRNewswire/ — AT&T Inc. (NYSE: T) said today that it is pleased to see local communities and municipalities acknowledging the promise and power of economic development associated with telecommunications investment.
“Most encouraging is the recognition by government officials that policies which eliminate unnecessary regulation, lower costs and speed infrastructure deployment, can be a meaningful catalyst to additional investment in advanced networks which drives employment and economic growth,” said Randall Stephenson , AT&T chairman and CEO.
Today, AT&T announced that in conjunction with its previously announced Project VIP expansion of broadband access, it is prepared to build an advanced fiber optic infrastructure in Austin, Texas, capable of delivering speeds up to 1 gigabit per second. AT&T’s expanded fiber plans in Austin anticipate it will be granted the same terms and conditions as Google on issues such as geographic scope of offerings, rights of way, permitting, state licenses and any investment incentives. This expanded investment is not expected to materially alter AT&T’s anticipated 2013 capital expenditures.
AT&T consistently invests in U.S. communities — $98 billion in capital in the past five years, more than any other public company — and remains committed to working with any metropolitan community to reach agreement on incentives to improve the climate and speed of overall telecommunications infrastructure investment – facilitating both wired and wireless broadband access. Our potential capital investment will depend on the extent we can reach satisfactory agreements.