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AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California

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AT&T is modernizing California’s network, moving away from aging copper infrastructure, to deliver reliable, affordable, always-on connectivity for customers statewide, supporting the next era of innovation and growth

Key Takeaways:

We’re committing to invest $19 billion in California through 2030 to connect more Californians to the best and largest network and upgrade customers to better products to meet our customers’ needs for fast, reliable connectivity as we transition from aging copper networks in the state.We’re bringing fiber – the best internet technology – to 4 million+ additional households and businesses and strengthening our wireless coverage with more than 1,200 new cell sites across California by 2030, meeting customers’ demand for reliable, affordable, always-on connectivity across urban, suburban and rural California.Paired with smart federal modernization policy, we’re strengthening and modernizing our network, hiring hundreds of technicians across the state, and investing in California’s communities.We’re beginning the process to upgrade our customers in parts of California to fiber and wireless service and discontinue energy inefficient copper-based services. We’re taking a thoughtful, phased approach to upgrade customers. No customer will be left without access to phone or 911 service.

SACRAMENTO, Calif., May 20, 2026 /PRNewswire/ — AT&T is proud to commit $19 billion of investment in California’s fiber and wireless networks by the end of 2030, building the high-speed connectivity required for the next era of innovation and economic growth in the state. With updated federal policies that enable network modernization, we’re making our largest-ever infrastructure investment commitment in the state and investing $3 billion more in the next five years (2026-2030) than the previous five (2021-2025) – reaching $35 billion invested over 10 years (2021-2030) in California’s network. In addition to the $19 billion investment, we’re committed to offering affordable options to help Californians get connected, strengthening our workforce statewide, and partnering with organizations across the state focused on closing the digital divide.

With more advanced connectivity options for Californians, we are beginning the process to upgrade our customers to fiber and wireless services and discontinue energy inefficient copper-based services – like traditional phone service – in parts of the state on or after June 1, 2027. Only 3% of households we serve in California still use traditional phone service. We’re taking a phased, year-long approach to upgrade customers in these areas where better, more reliable services are available. Transitioning from copper also allows further investment in more modern services.

“Californians depend on and expect fast, reliable connectivity every day and AT&T is committed to delivering it,” said Susan Santana, state president of AT&T California. “With recent, forward-looking federal network modernization policies, we’re able to make our largest-ever California investment commitment ($19 billion) as we transition away from copper networks. As the largest fiber builder in the state, this expands future-ready fiber and wireless services at affordable prices and modernizes copper networks. By investing in newer, more reliable technology, we can deliver better service, reach more customers, improve our communities, and support California’s economy for years to come.”

Deploying Affordable, Always-On Connectivity for the Future 
Copper networks are unable to support today’s connectivity needs and are increasingly unreliable, especially as copper theft continues to be a prevalent issue across the state. Newer technologies also have built-in security to protect consumers and businesses from spam calls and fraud and are significantly more energy efficient.

Fiber and wireless are the foundation for what’s next, providing the necessary infrastructure to support AI and data intensive applications, from remote health care to autonomous vehicles. Our $19 billion commitment includes:

Bringing fiber to an additional 4 million+ households and businesses in the state by the end of 2030, to reach 9 million+ fiber locations with the most advanced technology.Expanding and strengthening our statewide wireless network with additional spectrum and adding more than 1,200 cell sites by the end of 2030, including in rural, suburban and urban communities, to support increasing network traffic.Fiber and wireless networks are easier to restore and better equipped to support emergency communications and modern 911 services. Strengthening our wireless coverage also means enhanced coverage for public safety through FirstNet®, Built with AT&T.Through this transition, we expect to save 300 million kilowatt-hours (kWh) annually by 20301, delivering a more energy efficient network for California. The avoided emissions are equal to those from using 17 million gallons of gasoline2. 

Supporting our Traditional Phone Customers 
We are committed to a thoughtful transition – all while ensuring no customer loses access to voice or 911 service.

Modern, innovative products like AT&T Phone – Advanced and AT&T Business Voice were developed with our traditional home and business phone customers in mind. These products work just like a traditional phone but use the latest, reliable technology and have battery backup.With AT&T Phone – Advanced and AT&T Business Voice, customers can keep their phone number, and these work with their existing phones, fax machines, home alarms, and medical monitoring machines.We’re providing our California customers with more options and discounts to easily upgrade to modern, affordable services. For our traditional home phone customers in these areas, we’re offering AT&T Phone – Advanced for free for 3 months.For existing California LifeLine customers, we’re offering an additional discount to upgrade to AT&T Phone – Advanced.

Strengthening our Workforce
Building California’s connectivity backbone requires a highly trained workforce. With this investment, we’re committed to creating jobs to build the infrastructure of the future.

Increased investment in new, more reliable connectivity supports good-paying jobs and long-term workforce continuity within the state.AT&T is hiring hundreds of technicians to support fiber expansion and copper decommissioning as we deploy and enable future technology.We commit to recruiting, upskilling, and training more skilled technicians that are needed to build and maintain essential telecommunications infrastructure.

Connecting California’s Communities 
We’re expanding Connected Learning Centers (CLCs) and digital skills training to help more Californians get online. CLCs offer access to high-speed internet, computers, and digital literacy resources for Californians, including tribal communities, students, and older adults statewide. AT&T commits to:

Opening six additional CLCs and hosting more than 30 digital literacy workshops across the state in 2026, including sessions for older adults to learn internet basics, cybersecurity awareness and tips, and mobile device skills.This year, we’re committing an additional $1.2 million to nonprofits across California focused on closing the digital divide, disaster preparedness, and support for older adults and tribal members. This supports CLCs and organizations helping connect those who need it most, and is in addition to the more than $2.5 million AT&T contributed in 2025 to communities and organizations across California to help close the digital divide.

With this commitment, AT&T will keep building the network Californians rely on, delivered with the best technologies, so every community has access to high-speed connectivity.

Reaffirming 2026 and Multi-Year Financial Guidance
The $19 billion commitment represents expected investment, supported by updated federal policies, and also supports AT&T’s plans to reach more than 60 million fiber locations across the U.S. by the end of 20303. AT&T reiterates all 2026 and multi-year financial and operational guidance and capital return plans shared during its first-quarter 2026 results.

1

This is an illustrative analysis based on national average assumptions only; actual California impacts may differ materially due to higher applicable rates and the state’s regulatory environment.

2

Equivalency calculated using the EPA GHG Calculator for avoiding 300M KWh annually in CA.

3

Total consumer and business locations reached with fiber represents the sum of: (1) AT&T Owned and Operated locations, which reflect its customer locations passed by AT&T’s fiber network and (2) Fiber Ventures locations, which represent locations served from the acquired Mass Markets fiber business, Gigapower, and other commercial open access providers.

About AT&T
We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 150 years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com.

Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

© 2026 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.

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LG ELECTRONICS EARNS NVIDIA AI FACTORY VALIDATION FOR ITS 600KW COOLANT DISTRIBUTION UNIT

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Certification Validates LG’s Advanced Thermal Management Technology and Solidifies
the Partnership With NVIDIA, Accelerating AI Infrastructure Expansion

News Summary

LG Electronics has achieved NVIDIA certification for its 600kW Coolant Distribution Unit (CDU), meeting over 100 rigorous evaluation criteria for AI Factory standardization.The certification positions LG as an official NVIDIA partner for AI Factory infrastructure, serving as a trust signal that helps minimize procurement risks for global data center operators.LG Electronics offers a comprehensive Chip-to-Chiller portfolio for AI data centers, spanning from chillers, Coolant Distribution Units (CDUs) and cold plates.

SEOUL, South Korea, July 27, 2026 /PRNewswire/ — LG Electronics (LG) has secured official NVIDIA certification for its 600kW Coolant Distribution Unit (CDU). This milestone validates the reliability and efficiency of LG’s liquid cooling solutions and thermal management technology with NVIDIA’s AI infrastructure standards, supporting the company’s continued expansion in the AI data center cooling market.

Reliable Partner for Global Hyperscalers

As one of the select few companies globally to pass NVIDIA’s technical verification process, LG successfully validated its 600kW CDU against more than 100 technical evaluation criteria. These metrics are designed to standardize cooling performance, reliability and failover capabilities for high-density AI Factories.

The certification marks a strategic milestone for LG, strengthening the company’s position as an officially verified NVIDIA partner for AI Factory infrastructure. For global hyperscalers and data center operators, this designation provides greater confidence in supplier selection by reducing procurement risks and accelerating qualification for large-scale AI infrastructure deployments.

Chip-To-Chiller Cooling Solution Provider 

LG’s NVIDIA-certified 600kW CDU is engineered to manage the thermal demands of high-heat AI GPUs. By implementing a Direct-to-Chip (DTC) liquid cooling solution that delivers coolant directly to heat-generating components such as GPUs and CPUs, the unit creates a highly efficient “hybrid cooling” system that operates in synergy with existing air-cooling infrastructure.

The unit is designed to achieve a temperature control precision of ±0.25 degrees Celsius*, helping enhance system thermal stability and support reliable AI server operation. It also integrates virtual sensor technology for real-time monitoring and leak detection capabilities. Paired with LG’s Data Center Cooling Control Manager (DCCM), the solution enables predictive control and centralized monitoring, while supporting seamless integration with data center management systems through standard communication protocols.

To ensure comprehensive reliability, LG evaluates these solutions at its dedicated Chip-to-Chiller validation site in Pyeongtaek. Here, the company tests system-wide transient responses, temperature changes and low-load stability across the entire cooling chain—from the AI chip load and cold plates to the CDU and chiller. By meeting NVIDIA’s strict failover requirements, the CDU is engineered to maintain operational stability even under highly demanding conditions.

LG aims to further solidify its position as a trusted AI data center infrastructure partner with a comprehensive “Chip-to-Chiller” portfolio, offering end-to-end thermal management solutions from the chip level to the cooling plant. The company’s end-to-end offering includes chillers that produce chilled water, CDUs that distribute coolant and cold plates that deliver cooling directly to AI chips—the core components of liquid cooling systems for AI data centers.

Expanding AI Infrastructure Capabilities

This certification serves as the starting point for LG’s broader AI infrastructure business expansion. Moving forward, LG plans to sequentially secure NVIDIA certifications for entire large-capacity CDU lineups, including its 1MW, 2.5MW and 4MW models.

Backed by 60 years of engineering expertise in the HVAC sector, LG’s CDUs are designed for high-density AI data center environments, offering precise temperature control, advanced control capabilities and high reliability. The company also strengthens its competitiveness by producing key components in-house, including inverter systems and magnetic bearing compressors—core technologies widely applied across its chiller portfolio.

LG has recently secured major global data center cooling projects, including hyperscaler facilities in North America and the Sinar Mas data center, SM+ Data Center’s flagship AI-ready facility in Jakarta, Indonesia. By leveraging its core technological capabilities, LG aims to expand global orders and strategic partnerships in the next-generation AI data center market.

“As AI data centers continue to scale, the need for highly reliable liquid cooling solutions has never been greater,” said James Lee, president of the LG ES Company. “Leveraging our advanced cooling technologies together with the LG Group’s integrated infrastructure capabilities, we are expanding our AI infrastructure business with end-to-end solutions that help enable Physical AI, where AI creates value in real-world environments.”

* Performance results, including temperature control precision and component lifespan, may vary depending on actual operating environments, server loads and conditions.

About LG Electronics Eco Solution Company

The LG Eco Solution Company (ES) offers advanced air conditioning solutions, including chillers, for diverse sectors and climates. Committed to exceptional HVAC performance, the ES Company aims to enhance indoor comfort and well-being with innovative air care products. Leveraging deep industry expertise, it offers digitalized HVAC solutions designed for better life. As a trusted partner, the company integrates cutting-edge technology into daily operations while offering ongoing support. For more information, please visit www.LG.com/global/business/hvac.

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SOURCE LG Electronics

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VT Markets Gold Cup 2026 Offers Traders Up to USD 200,000 and A Spot in the Island Finale

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SYDNEY, July 27, 2026 /PRNewswire/ — VT Markets, a global multi-asset broker, today announced the launch of VT Markets Gold Cup 2026, a global trading competition open to clients across the globe. Set against the backdrop of global sports fever, the competition kicks off its regional series from 3 August to 13 September 2026, culminating in an exclusive Island Finale later this year.

The trading competition features one of the largest prize pools for an online trading competition this year, with up to USD 200,000 in total prizes. Participants compete across a regional leaderboard that refreshes hourly, ranked by their Total Profit Percentage (%) to measure strategic account growth rather than starting capital. Emerging at the top of your region demands exceptional skill, and top regional performers will earn cash prizes and an invitation to the Island Finale to compete with the best of the best.

To participate in the VT Markets Gold Cup, traders must open a live account, complete KYC verification, and opt in via the Client Portal. The first 100 opt-ins per region will also receive a USD 10 trading credit. Maintaining a consistent net deposit of USD 1,000 is required throughout the campaign, and any withdrawals or internal transfers will result in immediate disqualification to preserve ranking stability. Leaderboard qualification also requires a minimum cumulative volume of 10 lots, and positions must be held for at least 5 minutes. For full terms and conditions, eligibility criteria, and additional bonuses and rewards, please visit https://www.vtgoldcup.com/

About VT Markets

VT Markets is a regulated multi-asset broker with a presence in over 160 countries as of today. It has earned numerous international accolades including Best Online Trading and Fastest Growing Broker. In line with its mission to make trading accessible to all, VT Markets offers comprehensive access to over 1,000 financial instruments and clients benefit from a seamless trading experience via its award-winning mobile application.

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Sungrow Powers the Nordics’ Largest Commissioned BESS Project in Sweden with PowerTitan 2

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STOCKHOLM, July 27, 2026 /PRNewswire/ — The largest battery energy storage system (BESS) project in the Nordics in Ånge, Sweden has now been taken into commercial operation. Sungrow, a global leader in battery storage and PV inverters, delivered its utility BESS PowerTitan 2.0 for the 70 MW / 160 MWh battery system developed by Delta Capacity. Designed to deliver high reliability and efficiency, the system is built to operate under challenging Nordic weather conditions and extreme temperature variations.

The Ånge BESS will contribute to balancing Sweden’s power system, offering rapid response capabilities and capacity for both frequency regulation and arbitrage across the volatile Nordic power market. Sweden’s battery storage market is expanding rapidly as the country’s energy transition accelerates. The regulatory framework has enabled battery storage to participate in balancing markets, turning it into a revenue-generating asset, according to a report from SolarPower Europe. Sweden and Finland together installed more than 1 GWh of new battery capacity in 2025[1].

“Ånge is a great example of how large-scale energy storage is built in practice. Fast, at the right scale, and with the right partners like Delta Capacity. Our role is to be a long-term partner and contribute to expanding renewable energy capacity in Sweden,” says Samer Nameer, Country Manager Sweden at Sungrow.

Fast deployment for the Nordic energy transition

The Ånge project is owned by a joint venture between WOOD & Company Renewables Sub-Fund and Delta Capacity, which has led the project from design to completion. From procurement start to commercial operation took 15 months. The facility is located in bidding zone SE2 and contributes to balancing the Swedish power system.

Patrik Hes, CEO of Delta Capacity: “The Nordic energy transition is moving fast and requires infrastructure that keeps the same pace. Sweden has great renewable resources, but flexibility is missing and that is exactly what Ånge provides. 160 MWh of storage, delivered in 15 months. Delta Capacity’s goal is to keep building faster and at a greater scale. The energy transition cannot wait.”

The project was acquired from RES in February 2025. Other suppliers in the project are Stenger & Ibsen Construction, Rejlers, Green Power Monitor, Solvina and Ellevio. Centrica Energy manages the buying and selling of electricity for the facility around the clock.

Local presence with a global footprint

Sungrow Europe currently has 25 local offices, two research and development centres and 26 warehouses across Europe. The Swedish team with dedicated experts for Services, and energy solutions is based in Stockholm, with other Scandinavian offices in Malmö, Copenhagen and Helsinki. Among its most recent projects in the Nordic region are the Nordic region’s largest solar roof in Sweden[2] (14 MW) and the northernmost solar project in Finland[3] (70 MW).”

About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of Dec 2025, Sungrow has installed over 1000 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experiences. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en

About Delta Capacity
Founded in 2022, Swiss-based Delta Capacity is driven by its vision to develop, acquire, and own and operate utility-scale battery storage across Europe. The company is scaling quickly while maintaining a consistent focus on asset quality—prioritizing designs that support high availability, efficient performance, and bankable operating outcomes. The rapidly growing team brings decades of experience across large infrastructure, renewable energy, energy trading, and software development. Delta Capacity currently has nearly 800 MWh under construction and targets the build-out, commissioning, and operation of more than 6 GWh of flexible assets by 2030.

 

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