Nevada Reforms Franchising

RENO, Nev. -- AT&T Inc. (NYSE:T) has announced plans to invest approximately $100 million throughout the next several years in fiber network upgrades, further broadband deployment and Internet-based technologies to bring new services -- including cutting-edge television -- to Nevada consumers.

The investment commitment is the result of the enactment of Nevada Assembly Bill 526, which reforms video-franchising regulations. The bill brings the benefits of video competition to Nevada consumers by establishing statewide uniform standards that streamline the video-provider authorization process and encourage competition and new investment.

The Nevada Legislature overwhelmingly supported efforts to reform Nevada's cable-franchising system by passing Assembly Bill 526 by bipartisan majorities in both the Nevada Assembly and Nevada Senate.

"We are continuing to bring good news to Nevada, and our investment in the state communications infrastructure reaffirms our commitment to both the state economy and consumers," said Hal Lenox, president, AT&T Nevada. "We are excited to bring the most advanced technology in video, voice and Internet services to Nevada consumers."

AT&T Inc. (NYSE: T)