AT&T is planning to invest $14 billion over the next three years to expand and improve its wireless and wired broadband IP network infrastructure in the US.

Around $8 billion will be invested in the network that serves mobile data and calling, and the remaining will be invested on wireline equipment, while the company said total capital investment is expected to be $22 billion for each of next three years.

The investment plan – branded Project Velocity IP (VIP) – is also expected to support the firm’s plans to expand its 4G LTE service to 300 million people by the end of 2014, with its earlier expansion plans for 250 million people by the end of 2013.

AT&T CEO Randall Stephenson said the investment will bring high-speed Internet connectivity 4G LTE mobile and wireline IP broadband to millions more people in the US.

“We have the opportunity to improve AT&T’s revenue growth and cost structure for years to come, and create substantial value for shareowners,” Stephenson said. “Project VIP expands our potential in these key platforms and makes them available to many more customers.”

AT&T is also planning to install small-cell technology, macro cells and distributed antenna systems which will increase the density of its wireless network and to enhance the quality of its network.

During the period, AT&T is planning to increase its high-speed U-Verse TV, Internet and VOIP service by more than one-third to 8.5 million customer locations and offer increased U-Verse speeds of about 75 Mbps.

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