AT&T eyes 100 "candidate cities" for gigabit broadband expansion

AT&T (T) has named 100 cities in 21 metro areas as candidates for launching its 1Gbps U-Verse GigaPower service. The metro areas include L.A., Chicago, San Francisco, San Jose, Atlanta, Houston, Kansas City, and San Diego.

No details on the number of homes/businesses AT&T is looking to connect in particular markets. The company has already launched GigaPower in Austin (speeds are limited to 300Mbps for now) ahead of Google Fiber's local arrival, and announced plans to launch in Dallas, Raleigh-Durham, and Winston-Salem.

In Austin at least, GigaPower is priced on par with Google Fiber ($70/month). CNET observes 14 of AT&T's markets overlap (perhaps not coincidentally) with ones where Google offers or is thinking of offering Fiber.

AT&T's announcement comes less than a month after a report stating Google is looking to offer mobile services in Fiber markets on an MVNO basis. It also comes during a year for which AT&T has set a conservative capex budget of $21B (down $200M Y/Y).

Q1 results are due tomorrow afternoon.

From other sites
Comments (2)
  • mathari
    , contributor
    Comments (276) | Send Message
    This is a big deal that is going unnoticed by the market. In two years, half of Verizon's and Comcast's internet business could evaporate into the hands of google and AT&T.
    21 Apr 2014, 09:12 PM Reply Like
  • roxbury69
    , contributor
    Comments (4) | Send Message
    Is boston one of the cities to get u-verse
    22 Apr 2014, 08:08 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs