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In a recent press release, AT&T announced that it has budgeted $1 billion (double its 2006 budget) to expand its global network reach and capacity. Part of their plan is to increase diversity and reliability into Japan, Asia, Australia and the Caribbean (hopefully eliminating the threat of ship anchors cutting off Internet access to those parts of the world).
They are banking on the demand for new technologies and increases in demand for current technologies to account for much of the spending. Telecom equipment manufacturers should be thrilled about this, since many of the upgrades planned by AT&T will need a significant hardware to implement.
Read [Barrons]
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