Business Services Industry
SBC, Sprint, Cingular Plan Major Network Upgrades.
Knight Ridder/Tribune Business News, June, 2004
By Vikas Bajaj, The Dallas Morning News Knight Ridder/Tribune Business News
Jun. 23--Faced with the prospect of losing customers in a battle of speed and cost, several phone companies announced ambitious upgrades to their networks Tuesday.
Local-phone giant SBC Communications Inc. said it would test a fiber-optic system and may spend as much as $6 billion in the next five years to bring TV, faster data and Internet-based phone services to consumers. Sprint Corp. said it would it offer speeds half as fast as digital subscriber lines on its wireless network starting later this year. And Cingular Wireless announced plans to do the same beginning next year.
Experts said the actions are some of the firmest signs yet that phone companies...
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