AT&T Sets Roadmap For 2016, Will Invest $10B In Businesses Globally

Shares of AT&T Inc. T were trading higher by around 0.6 percent on Monday after the company provided a business update.

AT&T announced that it plans on investing nearly $10 billion globally throughout 2016. The company noted that its investments will "bolster" its network and capabilities and also "enhance" the customer experience.

AT&T noted that its plans include integrating more than 6,000 kilometers of fiber equipment in Mexico, expand spending in Internet of Things (IoT) business in Europe and expand cloud services in Asia Pacific

AT&T also noted that it expects its total capital investment for 2016 to be around $22 billion.

"Business is moving faster than ever and companies around the world need to be agile to quickly adapt to changing markets," said Ralph de la Vega, vice chairman of AT&T Inc. and CEO of Business Solutions & International. "Our industry-leading network and innovative platforms give them the tools to do just that — where they want it and how they want it—around the globe."

"Businesses need flexibility to drive a long-term strategy and pivot to maximize short-term opportunities," he said. "As the premier integrated solutions provider, we put everything together for our customers across wired and wireless to help them seamlessly connect their customers, employees and vendors around the world."