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

AT&T Raises Spending Plan For U-Verse

Reuters News Wire (
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.

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