AT&T says it will invest between $17 billion and $18 billion this
year to drive its growth by enhancing wireless and broadband networks
to provide more coverage. The company will add nearly 3,000 jobs in
this area in 2009, but will move forward with previously announced job
cuts jobs in other areas -- primarily wireline -- due to economic
pressures, streamlined organizational structure, and a continuing shift
of customers from wired service to wireless and broadband. "Demand for
broadband continues to grow as new applications emerge and customers
embrace them, leading to data traffic on our network growing more than
50 percent year over year on average," says Randall Stephenson,
AT&T's chair and CEO, in a company statement. "We recognize the
importance of investing in critical network infrastructure, which plays
a key role in driving commerce, innovation, and job growth." AT&T
did not indicate where the new jobs will be located.
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