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March 5, 2008 6:00 AM PST

AT&T to invest $1 billion worldwide

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Top U.S. phone company AT&T will invest $1 billion worldwide this year to expand networks and its services in key markets, the company said on Wednesday. The bulk of the investment would be outside the United States, Greg Brutus, a spokesman for AT&T Asia Pacific, told reporters in New Delhi, the Indian capital.

He said the investment would mainly be to build undersea fiber-optic cables in Asia and for an Ethernet network in Europe and Asia. Ethernet is a family of frame-based computer networking technologies used for local area networks. Last year, AT&T spent $750 million outside the United States of its total investment of $18 billion, he said.

Story Copyright © 2008 Reuters Limited. All rights reserved.

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Pillage the USA and give to the world...
by Jim Hubbard March 17, 2008 2:04 PM PDT
In 2007 AT&T made a net profit of just over $11.95 BILLION dollars in the US alone. That's AFTER their investments overseas.

The majority of AT&T's USA subscribers are stuck with a slow 1.5 Mb connection while Asian countries (like Japan) enjoy Internet access speeds of 33 Mb.

AT&T is only interested in short term revenue. they have no loyalty to their subscriber base in the USA, nor do they have a long term vision for Internet access in the USA.

AT&T is not really the old AT&T that used to deliver stellar long distance service. It's a company called SBC - a company with such a horrid track record of serving customers that they BOUGHT the AT&T name (which was built upon good service for years) and slapped it on their pathetic company to hide from the atrocious service record that SBC had created.

The "New AT&T" is nothing but the "old SBC" that is still raping and pillaging its customers without a care as to how their actions will affect the American consumer and business in the long run.

SBC even lied about its plans to buy AT&T on Thursday, January 21, 2005 - "Despite media reports indicating that talks are under way that SBC Communications Inc. executives are making a bid to buy out rival AT&T Corp., an SBC spokesman dismissed stories as 'rumors.'" (http://sanantonio.bizjournals.com/sanantonio/stories/2005/01/24/daily29.html)

And, just 4 days later, on Monday January 31, 2005, "SBC Communications on Monday announced plans to acquire AT&T in a $16 billion deal, a move designed to bolster SBC's sales to enterprise customers nationwide and give it new national and global networks." (http://articles.techrepublic.com.com/5100-1035_11-5557069.html?part=rss&tag=feed&subj=tr)

SBC has a pathetic record of customer service, has continually lied to the American consumer and is simply hiding behind the AT&T name, hoping that everyone will forget who they really are.

It's time to stop hiding behind AT&T's name SBC. And, it's time to stop lying to the American consumer about your real goals - to pillage as much as possible while giving as little as possible in return.

While companies like Comcast are demoing new modems at 150 Mb/s (http://broadcastengineering.com/infrastructure/comcast-150mbs-cable-modem-0514/) and new 100 Gb optical networks (http://www.multichannel.com/article/CA6540425.html) - the old SBC (the "new" AT&T) is content to let its customers wallow in 1.5 Mb/s connections with nothing even in the works to improve their service.

No...SBC would rather spend BILLIONS in Asia than continue to raise the level of service of the customers that make those investments possible.

Make no mistake about it, the old SBC (the "new" AT&T) has given up on America.

I say its high time we give up on them.
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