TELECOM Digest OnLine - Sorted: AT&T Raises Spending Plan For U-Verse

AT&T Raises Spending Plan For U-Verse

Reuters News Wire (reuters@telecom-digest.org)
Tue, 08 May 2007 17:44:29 -0500

AT&T Inc. said on Monday it had raised its spending plan for its new
Internet and video service, called U-verse, by up to $1.4 billion,
although it scaled back its end-2008 target for the roll-out.

The top U.S. phone company said it plans to spend $6 billion to $6.5
million on U-verse, which promises a high-definition video and
ultra-high speed Internet service, compared to its initial plan to
spend $5.1 billion.

AT&T said the increase in spending on U-verse will not affect its
outlook for overall capital expenditure in 2007 and 2008.

Despite the higher spending, AT&T said it expects the service to be
"passed," or made available, to 18 million homes in its traditional
13-state territory by end-2008, down from an initial estimate of 19
million homes.

Copyright 2007 Reuters Limited.

NOTE: For more telecom/internet/networking/computer news from the
daily media, check out our feature 'Telecom Digest Extra' each day at
http://telecom-digest.org/td-extra/more-news.html . Hundreds of new
articles daily. And, discuss this and other topics in our forum at
http://telecom-digest.org/forum (or)
http://telecom-digest.org/chat/index.html

For more news and headlines, please go to:
http://telecom-digest.org/td-extra/internet-news.html (or)
http://telecom-digest.org/td-extra/technews.html

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: Julie Steenhuysen: "Despite Warnings, Most U.S.Babies Watch Television"
Go to Previous message: Associated Press News Wire: "Hacker Accesses Students Personal Information"
TELECOM Digest: Home Page