AT&T Makes Annual $1 Billion Announcement

Continuing what is becoming an annual rite of spring, AT&T (T) said it will invest $1 billion in its network infrastructure to broaden and deepen its offerings for businesses. The new investment will go to improve “delivery of applications, mobility and cloud services for global companies, to expand small business services within the United States and to continue extending its network globally,” the carrier said.

Sounds exciting, except that the carrier made almost the identical announcement in February 2009. Here’s the quote that accompanied that press release, from Ron Spears, president and CEO of AT&T’s business solutions unit:

“With today’s announcement, AT&T is making good on its commitment to provide companies with the network-driven capabilities and applications they need to successfully compete in a difficult economic environment. Regardless of size, the companies that seize the power of IP technology and services to transform their businesses, are the companies that will be best-positioned to lead the global recovery.”

And here’s Spears’ quote in today’s release:

“Despite the continuing challenges of today’s economic environment, we continue to deliver on our commitment to provide companies with the network-centric capabilities and applications they need to enhance their operations. IP-based solutions and applications have become ever more important to companies aiming to take their productivity to a new level while transforming their operations to adapt to their customers’ changing needs.”

Cut-and-paste city!

Like last year’s capital, this year’s billion will go toward developing new cloud-based, videoconferencing, unified communications, and managed services; delivering mobile applications and devices; expanding specialized services for specific verticals including finance, manufacturing, retail, health care, education and government sectors; accelerating advanced IP-based services for small and medium-sized businesses; and building out AT&T’s global network.

AT&T said the new investment will bring to $4 billion the amount it has invested in infrastructure and applications for its business customers since 2006.

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