AT&T on Tuesday announced plans to build an advanced fiber optic network that is capable of speeds up to 1Gbps in Austin, Tex. The company’s announcement came shortly after Google confirmed that it will launch its gigabit broadband Internet service, known as Google Fiber, in the city later next year. AT&T didn’t reveal additional details such as an estimated launch date, although the company said it is anticipating that it will “be granted the same terms and conditions as Google on issues such as geographic scope of offerings, rights of way, permitting, state licenses and any investment incentives.”