AT&T scrip may surge on Monday after $1 billion Investment Plan

The equity shares of AT&T are expected to open the day on bourses with a positive gain, as the company recently revealed an investment plan worth $1 billion. AT&T, the largest US provider of both local and long distance telephone services, on Monday quoted in a statement that it has sketched an investment plan worth $1 billion for 2009. 

According to the company, the latest revealed investment is focused on the network infrastructure, services and support for companies requiring "anytime, anywhere" access to the systems, suppliers, customers and employees needed to successfully run their businesses. 

It should be noted that including this year's planned investment, AT&T will have pumped more than $3 billion since 2006 in business-focused network, systems and applications to provide a globally consistent set of robust and secure services to the more than 3 million companies it serves. 

The scrip of the company closed on Friday at $23.61 on NYSE, up 2% compared to previous close of $23.19. The stock touched an intraday high and low of $23.94 and $22.90 respectively. 

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