AT&T denies need for a fiber-to-the-home network

US based telecom giant AT&T has said that they see no need for a more expensive, all-fiber network to deliver high-speed broadband connectivity to US homes.

The company is however working on upgrading its networks to deliver an Internet-based video service called U-Verse as it aims to take on the cable companies in the market.

Rivals Verizon Communications is working on launching a similar service and are building a “fiber to the home” network.

AOL Chief Financial Officer Richard Lindner said in a statement: “Our view at this point is that we’re not going to have go ‘fiber to the home.’ We’re pleased with the bandwidth that we’re seeing over copper. On average, at this point, we’re producing about 25 megabits (per second). But in many many locations, we’re producing substantially more than that.”