[Reuters] AT&T to boost annual spending 16 percent to $22 billion

Posted by: UGN Security

[Reuters] AT&T to boost annual spending 16 percent to $22 billion - 11/07/12 01:36 PM

(Reuters) - AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to fund upgrades to its wireless and wireline networks, the company said on Wednesday.