AT&T to invest US$10b to bolster global enterprise services

[NEW YORK] AT&T Inc will invest about US$10 billion in its global business solutions division, as it seeks to boost the unit that offers services such as wireless connectivity, cloud storage and security to companies, the wireless provider said on Sunday.

Last month, AT&T said it expects its overall capital expenditure in 2016 to total US$22 billion. For the quarter ended Dec 31, the company said revenue in its business solutions unit fell 2.7 per cent from a year ago to US$18.2 billion, driven in part by lower equipment revenue and pressure from foreign exchange rates.

REUTERS