FCC CHAIRMAN JULIUS GENACHOWSKI ON AT&T INVESTMENT

November 20, 2012

“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steps to free up spectrum, our once-in-a-generation overhaul of Universal Service, our phase-down of the byzantine and outdated intercarrier compensation system, our Broadband Acceleration Initiative and numerous other actions, we’ve taken major strides to promote private investment in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.”