Bloomberg

AT&T said the company will spend more than $250 billion in the next five years to build out its infrastructure in the U.S., setting up the company to more than double its annual investment in a battle for subscribers with its two largest competitors. The investments will focus on high-speed fiber connections and expanding wireless and satellite coverage. The company said its networks are “critical conduits” for fields where major tech companies are investing heavily, including artificial intelligence and cloud computing.