AT&T: Well Do $18B Worth of Capex This Year

AT&T Inc. (T) plans to pump up to $18 billion into its wireless and other infrastructure this year, probably in response to recent criticism about its network capacity.

That was the word from CEO Randall Stephenson on Tuesday during a speech in Detroit. That additional investment also should translate into 3,000 new jobs, Stephenson said.

“We are investing as fast as we can in broadband,” Stephenson said, according to the Wall Street Journal.

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