A Boon to the American Economy

$14 Billion Investment in U.S. Broadband Infrastructure via Project Velocity IP (VIP) Is Boon to American Economy, Says IIA

Transition to next-generation networks will create jobs, benefit consumers and businesses nationwide

WASHINGTON, D.C. – November 7, 2012 – The Internet Innovation Alliance (IIA), a broad-based coalition supporting broadband access and adoption for all Americans, released the following statement in response to IIA member AT&T announcing plans to invest $14 billion to accelerate the Internet Protocol (IP) transition and bring high-speed, next-generation wireless and wireline broadband to millions more consumers and businesses nationwide via Project Velocity IP (VIP):

“With the election now behind us, it is time for America to get back to work.  The broadband economy has powered America’s recovery for the past four years and offers the brightest opportunities for future jobs, innovation and growth.  In the right policy environment, we can expect to see remarkable efforts by entrepreneurs and employers to expand the reach and power of next-generation networks.

“Today’s exciting announcement by AT&T is one striking example of what our innovators are capable of doing.  There are others across the nation, from garage start-ups to Fortune 50 companies.

“The Internet Innovation Alliance is eager to work with policy makers around the country, highlighting what works and how the right investment environment can re-ignite our national energies and spur continued innovation across the nation.”

To learn more about the IIA, visit http://www.internetinnovation.org/. To read AT&T’s announcement on Project VIP, see http://www.att.com/gen/press-room?pid=23506&cdvn=news&newsarticleid=35661&mapcode=corporate|consumer.

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