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FCC Chairman Statement on AT&T Investment Announcement

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Released: November 7, 2012

NEWS
Federal Communications Commission

News Media Information 202 / 418-0500

445 12th Street, S.W.

Internet: http://www.fcc.gov

Washington, D. C. 20554

TTY: 1-888-835-5322

This is an unofficial announcement of Commission action. Release of the full text of a Commission order constitutes official action.
See MCI v. FCC. 515 F 2d 385 (D.C. Circ 1974).

FOR IMMEDIATE RELEASE:
NEWS MEDIA CONTACT:
November 7, 2012
Justin Cole, 202-210-2437
Email: justin.cole@fcc.gov

STATEMENT FROM FCC CHAIRMAN JULIUS GENACHOWSKI ON AT&T INVESTMENT

ANNOUNCEMENT

“AT&T’s announcement of billions of dollars in new investment in wired and wireless broadband
networks is proof positive that the climate for investment and innovation in the U.S. communications
sector is healthy. Today’s announcement adds to nearly $200 billion of investment in wireless and
wireline broadband networks since 2009, and powerful growth in the Internet economy.
“As our National Broadband Plan said, extending wired and wireless broadband across America is the
‘great infrastructure challenge of the 21st century’. America’s 21st century economy and our global
leadership depend on meeting this challenge. Through our groundbreaking steps to free up spectrum, our
once-in-a-generation overhaul of Universal Service, our phase-down of the byzantine and outdated
intercarrier compensation system, our Broadband Acceleration Initiative and numerous other actions,
we’ve taken major strides to promote private investment in broadband networks.
“AT&T has also filed a petition with the FCC today suggesting issues to consider in our ongoing work to
modernize our rules for the evolving communications market. As we review AT&T's filing, we will
focus on the principles that have guided our actions since I became Chairman: driving the virtuous cycle
of private investment and innovation in the broadband ecosystem, promoting competition, and protecting
consumers.”
-FCC-
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