This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


AT&T Eyes 'New Billion-Dollar Business Opportunities' with Project VIP

November 08, 2012 - News

Much of the $14 billion AT&T is investing in its networks will go toward making its business division even more profitable.

The initiative, dubbed Project Velocity IP, or Project VIP, will beef up AT&T's wireline and wireless IP broadband networks in the United States. On the business side, AT&T is aiming for big growth in network services, cloud, security and mobility. The operator expects strategic services alone to achieve $1 billion growth per year by 2015.

Business services already comprise a hefty amount of AT&T's overall revenue; in just the third quarter, they contributed $9.1 billion in sales.

But AT&T wants more and, with the help of Project VIP, plans to get it. As a result, AT&T said it will light fiber to 1 million more businesses by 2015, and expand 4G LTE to 300 million points-of-presence. Those expansions will help the company offer more products including cloud, VPN, Ethernet, broadband and mobile security. 

The idea, AT&T noted in an investor presentation, is to create "multiple new billion-dollar business opportunities."

comments powered by Disqus
Related News
Ma Bell provided an update on its network transformation on Tuesday, before it reports
Find out where you can sell the new platform.