AT&T; to boost U-verse spending
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AT&T; Inc. said it would spend as much as $6.5 billion over five years on its U-verse television service, a $1.4-billion increase from its previous estimate, as it challenges cable TV providers.
The additional spending will help AT&T; add high-definition channels and perform more work to prepare phone lines for the service, a spokesman said.
AT&T;, based in San Antonio, has sped up the rollout of its video service this year as cable TV providers expand into home-phone service. The company had 20,000 U-verse TV subscribers as of April 24.
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