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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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SOURCE AT&T

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DMCC Signs Strategic Partnership with Hong Kong Tinkam Capital to Drive Industrial Investment between Hong Kong and Dubai

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DMCC and Hong Kong Tinkam Capital (HKTC) sign strategic partnership to explore development of power and energy equipment production park in Dubai Collaboration aims to support industrial investment and Chinese company expansion in UAE across advanced manufacturing, energy and green tech sectorsPartnership reinforces growing UAE-China economic ties and Dubai’s advanced manufacturing ambitionsDMCC hosts over 1,000 Chinese companies in its district

DUBAI, UAE, July 27, 2026 /PRNewswire/ — DMCC, the leading international business district that drives the flow of global trade through Dubai, has signed a strategic Memorandum of Understanding (MoU) with Hong Kong Tinkam Capital (HKTC) to explore the development of a state-of-the-art power and energy equipment manufacturing park in Dubai, reinforcing industrial cooperation and investment between the UAE and China.

The agreement establishes a framework for collaboration between both organisations to support the development of a power and energy equipment production park in Dubai while attracting upstream and downstream Chinese companies across the industry value chain in strategic sectors such as advanced manufacturing, green technology and energy.

Through the partnership, DMCC and HKTC will also facilitate knowledge exchange, promote industrial investment opportunities, and connect prospective Chinese enterprises with DMCC’s business ecosystem, reinforcing Dubai’s role as a gateway for Chinese company expansion and investment.

The high-level visit was facilitated by Wu Yufan (Elvis Wu), President of Longdy Group Greater China Region. The signing took place during a high-level visit to DMCC led by Guo Hongwei, Executive Deputy Director of the Management Committee of the New Quality Productive Forces Development Fund under the China Economic Reform Research Foundation, alongside Ye Xiongchang, Chairman of Hong Kong Tinkam Capital, and senior representatives from China’s advanced manufacturing, green tech, power and energy sectors. The delegation was welcomed by Ahmad Hamza, Chief Free Zone Affairs Officer at DMCC.

Ahmad Hamza, Chief Free Zone Affairs Officer, DMCC, said: “China remains one of DMCC’s most important strategic markets, with more than 1,000 Chinese companies now operating from our district and registrations growing at double-digit rates over the past five years. We welcome this partnership with Hong Kong Tinkam Capital that reflects our shared ambition to deepen commercial ties between the UAE and China while creating new opportunities across advanced manufacturing and energy infrastructure. By combining Hong Kong’s industrial expertise with Dubai’s world-class business environment, we are creating a platform to attract investment, strengthen industrial capabilities and support the next phase of economic growth.”

Ye Xiongchang, Chairman, Hong Kong Tinkam Capital, said: “This partnership reflects the growing momentum of the Dubai-Hong Kong investment corridor and creates a strong platform for deeper industrial collaboration between our two markets. Together with DMCC, we will explore opportunities to develop a world-class power and energy equipment manufacturing ecosystem in Dubai while supporting Chinese enterprises looking to establish and grow their presence in the UAE. By connecting industry, investment and expertise, we can help businesses access new markets and contribute to the region’s long-term industrial development.”

The MoU provides a framework for both organisations to cooperate on identifying investment opportunities, engaging prospective enterprises, sharing expertise and supporting projects that contribute to the development of Dubai’s industrial and energy ecosystem.

The agreement builds on the rapidly expanding economic relationship between the UAE and China. China remains the UAE’s largest trading partner, while DMCC is home to more than 1,000 Chinese companies operating across sectors including energy, technology, construction, financial services and precious metals and stones.

About DMCC
DMCC is a leading international business district that drives the flow of global trade through Dubai. We make it easier for our members to do business, helping them access the world’s fastest growing markets from a dynamic district that offers everything they need to thrive. This approach is why we are the preferred location for over 26,000 top multinationals and high-impact startups, contributing significantly to Dubai’s position as a global hub for trade and innovation. DMCC is where the world does business.

For more information, visit dmcc.ae.

About HKTC
HKTC is headquartered in Hong Kong, an international financial hub, and operates as a comprehensive financial group specializing in global asset allocation and cross-border capital management. The company focuses on two core areas—international trade and financial investment—and is committed to playing a pivotal role amid the ongoing transformation of the global economic landscape.

HKTC keenly identifies the opportunities presented by the reconfiguration of emerging industries, actively leverages Hong Kong’s unique role as a super connector, and adheres to highly compliant international operational standards to professionally guide China’s high-quality production capacity toward global deployment. We are not merely capital providers but also architects for industrial implementation—providing robust momentum for Chinese enterprises’ establishment and growth in overseas markets through innovative financial instruments and comprehensive capital services.

Especially in high-potential growth markets such as the Middle East, Southeast Asia, and Africa, HKTC has established a robust resource network and localized service capabilities. Leveraging world-class trade hubs like the Dubai Multi Commodities Centre (DMCC) as strategic pivot points and capitalizing on its exceptional ecosystem that aggregates global resources, we assist China enterprises in overcoming geographical constraints to precisely align advanced production capacities with the economic development needs of host countries. Throughout this process, HKTC consistently adheres to the philosophy of “co-deliberation, co-construction, and shared benefits,” emphasizing deep integration with local economies to achieve long-term win-win outcomes for Chinese capital, Chinese technology, and host country development, thereby truly enabling Chinese production capacities to take root and flourish overseas.

In the future, HKTC will continue to collaborate with world-class partners such as DMCC to empower more enterprises to access the fastest-growing markets globally, serving as a vital financial bridge that facilitates seamless economic circulation between China and the world economy.

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SOURCE Dubai Multi Commodities Centre

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TGT Technology at MWC 2026: Focus on Edge Intelligence to Build the “Hub” for Global Information Services in the AI Era

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SHANGHAI, July 27, 2026 /PRNewswire/ — From June 24 to 26, TGT Technology made its debut at the 2026 MWC Shanghai under the theme “AI-Empowered, Edge Intelligence,” showcasing its strategic transition from a “connectivity service provider” to a “leader in omnichannel intelligent connectivity solutions.” As a globally leading cloud communications (AIoT) service platform, TGT Technology is redefining the infrastructure landscape of the edge intelligence era.

TGT Technology’s booth remained consistently bustling, drawing significant attention from global customers, telecom operators, and industry partners.

Focusing on “Cloud Communications + Edge AI” to Build an Autonomously Evolving Intelligent Entity

“In the AI era, the efficiency of data flow determines the boundaries of intelligence,” said Mr. Henry Zhang, Founder, Chairman, and CEO of TGT Technology. Leveraging global connectivity data accumulated from tens of millions of endpoints, TGT Technology’s global cloud communications (AIoT) service platform is evolving from a passive connectivity pipeline into a “decision-making brain” with autonomous learning capabilities.

TGT has built a unique “cloud-edge collaboration” architecture: the cloud efficiently schedules massive amounts of data, while the edge performs real-time inference and decision-making at the endpoint, effectively addressing the three core challenges of latency, bandwidth, and privacy and security. Its proprietary vertical-domain agents can proactively sense scenario requirements, enabling end-to-end intelligence—from intelligent scheduling of network resources to dynamic optimization of connectivity strategies—and providing global enterprise customers with continuously evolving intelligent connectivity capabilities.

Deep integration of “cellular + satellite” expands coverage across land, air, and space

The large-scale implementation of edge intelligence begins with ubiquitous connectivity. Through strategic partnerships with leading global satellite operators, TGT Technology has established a layered connectivity architecture comprising “near-field Wi-Fi/Bluetooth, wide-area 4G/5G, and airspace MEO/LEO,” achieving continuous coverage from the ground to low altitudes and up to high altitudes.

vSIM/eSIM Technological Innovation: Connecting Millions of AI Devices

Through its independently developed vSIM/eSIM technology suite, the TGT platform has connected millions of AI devices, covering a diverse range of categories, including smartphones, portable mobile devices, smart wearables, in-vehicle devices, and industrial IoT gateways. As one of the few platforms in the industry to offer a complete technology suite—including CloudSIM, SoftSIM, eSIM, and iSIM—TGT Technology is emerging as a critical foundation for AI infrastructure.

Learn more: https://en.tugegroup.com/
Partnerships: sales@51tgt.com

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SOURCE TGT Technology

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HashKey Exchange Launches New Flagship Crypto Trading App

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HONG KONG, July 27, 2026 /PRNewswire/ — HashKey Holdings Limited (3887.HK), a comprehensive Asian digital asset group, announced a landmark global product and brand strategy launch with a new flagship Crypto Trading App featuring a “multi-site unification” model now made available to users.

The two previously separate applications (HashKey Exchange and HashKey Global) have been successfully merged into a single portal. Under strict compliance boundaries, this upgrade integrates core jurisdictional hubs including Hong Kong, Singapore, the Middle East (Dubai), and Bermuda. The company enters into a new phase of efficient synergy across core compliant markets in Asia and worldwide, serving as a key operational milestone for its core “Asia Connect” strategy at the product infrastructure layer.

In the early stages of the compliant virtual asset industry, licensed exchanges typically operated under regional “siloed” models due to varying legal and regulatory requirements across countries. The core of the “multi-site unification” lies in “unified entry, localized compliance.” Users can now download a single application to seamlessly manage their compliant accounts across the Hong Kong, Global, Singapore, or Middle East regions within the same App based on their respective KYC (Know Your Customer) and KYB (Know Your Business) credentials. While front-end interfaces are aggregated, underlying services remain strictly bound to local regulatory frameworks through rigorous localized management. Regional features within the App are accessible only to users meeting specific local criteria and users in unauthorized countries or regions cannot access restricted station features, streamlining user interaction paths while clearly adhering to compliance redlines.

With the official launch of the new App, HashKey Exchange has standardized its service dimensions for each site according to the latest local licensing qualifications. By adding and deeply integrating multi-regional sites, the platform offers investors a secure, compliant, and diversified global digital asset trading ecosystem.

HashKey Hong Kong (Base Hub): Focuses primarily on spot trading with robust OTC capabilities—supporting fiat on/off-ramps for 4 fiat currencies and around 40 digital assets. Additionally, it features a wealth management section covering various tokenized assets and compliant on-chain financial products, catering to both retail and Professional Investors (PI) with competitive asset allocation options.

HashKey Singapore: Focuses mainly on OTC block trading and supports opening same-name virtual accounts. Minimum OTC orders start at $10 USD, with single-transaction caps up to $50 million USD for corporate clients and $8 million USD for individual clients across 21 cryptocurrencies.

HashKey Middle East: Provides spot trading and proprietary brokerage services.

HashKey Global: Focuses on derivative trading scenarios, serving international compliant users while strictly isolating restricted local jurisdictions.

Alongside expanding its service footprint, the App has undergone comprehensive feature upgrades. The new system integrates a Web3 wallet service portal isolated from centralized exchange operations, offering users a compliant gateway to explore the on-chain ecosystem.

For institutional users seeking high-security asset allocation, the unified HashKey Exchange App delivers rigorous cybersecurity protection backed by multi-jurisdictional licensing. Driven by ongoing technical upgrades, the platform maintains industry-leading digital asset insurance coverage to safeguard a smooth and secure trading experience. From its roots in Hong Kong to deep anchors in financial hubs like Singapore and the Middle East, HashKey Exchange is weaving fragmented footholds into a seamless, fast, global compliant trading network. Moving forward, HashKey Exchange will continue using the Pan-Asian region as its core connection to expand the boundaries of financial infrastructure for compliant digital assets.

About HashKey Exchange

HashKey Exchange is a digital asset exchange under the listed company HashKey Holdings Limited (3887.HK), dedicated to setting new benchmarks for virtual asset exchanges in compliance, fund protection, and platform security. Hash Blockchain Limited (HashKey Exchange) is among the first batch of licensed retail virtual asset exchanges in Hong Kong. It currently holds Type 1 (Dealing in securities) and Type 7 (Providing automated trading services) licenses under the Securities and Futures Ordinance (SFO), as well as the Virtual Asset Service Provider (VASP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) granted by the Securities and Futures Commission (SFC) of Hong Kong. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. In compliance with laws and regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions.

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