Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Special Report Your Job

AT&T to add 3,000 jobs

The telecommunications company plans to invest $17 to $18 billion in 2009 capital spending.

EMAIL  |   PRINT  |   SHARE  |   RSS
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Julianne Pepitone, CNNMoney.com contributing writer

What would happen if the government let some big banks fail?
  • It would devastate the global economy
  • It would send a strong message to the banking industry
  • It wouldn't make a difference

NEW YORK (CNNMoney.com) -- AT&T plans to add 3,000 jobs in 2009 as part of a multibillion-dollar capital-spending plan, the telecommunications company said Tuesday.

In a press release, AT&T said it would spend $17 billion to $18 billion this year, with two-thirds of the funds pledged to build up its wireless and broadband networks to provide more coverage.

As part of its expansion plan, the company will add almost 3,000 jobs in 2009 to support increased customer demand for wireless, broadband and video.

AT&T said its data traffic has grown, on average, more than 50% year-over-year.

"Demand for broadband continues to grow as new applications emerge and customers embrace them," said Randall Stephenson, AT&T chairman and chief executive said in the release. "We expect demand will only escalate when the larger economy rebounds."

Despite the job additions in its wireless and broadband units, AT&T expects to proceed with the nearly 12,000 job cuts it announced in December due to economic pressures, restructuring and consumers' shift from wired voice services to wireless and broadband.

AT&T also said it will expand its high-speed wireless service to 20 new markets this year, in addition to creating 2,100 new cell sites across the country.

Shares of AT&T (T, Fortune 500) jumped more than 5% to $22.92 in the final half hour of Tuesday trading. To top of page

They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
U.S. stocks: The punches keep coming On the eve of a slew of earnings this week, U.S. stocks and the economy can't seem to catch a break. More
Where Millennials are buying homes Here are the top 10 markets where Millennials represented large shares of mortgages, according to Realtor.com More
Ralph Lauren's many looks A look at his brands and iconic creations More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play