U.S. telecom giant AT&T
AT&T expects wireless revenue to continue growing at a rate in the mid-teens, as more users sign up for service and opt for more wireless data offerings. The growth in wireless is currently fueled by two main engines -- broadband upgrades to AT&T's wireless network, and its exclusive offering of the Apple
The company also announced a major expansion of its residential broadband video offering, called U-verse. Rollouts of the fiber-optic service have been dogged by delays so far, so AT&T changed course and ratcheted up deployment plans, with the goal of having more than a million subscribers by the end of 2008.
It also hopes to have 30 million residences connected by the end of 2010, generating a multibillion-dollar revenue stream. Rumors had been circulating over the past few months that AT&T would acquire EchoStar
AT&T's wireless division head, Ralph de la Vega, also commented on the recent decision by Verizon Wireless -- a joint venture between Verizon Communications
But this posturing completely misses the mark on the open-network debate. While the technologies deployed by AT&T and Deutsche Telekom's
False comments notwithstanding, investors cheered the outlook, and shares soared more than 7% in morning trading. If AT&T can make good on its goals, there will doubtless be more goodwill in years to come.
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Fool contributor Dave Mock doesn't hear high-pitched sounds very well, particularly his wife's voice. He owns no shares of companies mentioned here. Dave is the author of The Qualcomm Equation. Vodafone is a former Inside Value recommendation. The Fool's disclosure policy is a good listener, and will hold your hand in a gentle, caring manner.