AT&T (NYSE:T) is eyeing the closure of its existing 2G wireless network by 2017.
AT&T To Close 2G Networks
The wireless carrier AT&T (NYSE:T) has announced that it is shutting down the 2G wireless network city by city and will complete the shutdown by the end of 2016.
This means that current 2G customers, who account for about 8.4 million people, have to upgrade to 3G or 4G handsets.
AT&T (NYSE:T) is closing the second generation wireless networks as it does not support high data speeds, which are become more and more important as technology advances.
The company says that it will be able to increase data capacity by more than a hundred-fold by shifting to 4G networks.
AT&T Inc. (NYSE:T) company shares are currently standing at 37.54.