Facing plunging revenue and an unfriendly regulatory and legislative landscape, AT&T is abandoning the residential telephone market, though it says it will continue to serve existing customers.
The company`s board of directors made the decision. It wants AT&T to focus all of its efforts on selling phone and data services to corporations and governments. That division brought in 73% of revenues in the last quarter.
AT&T`s departure from the battlefield may be a major victory for Verizon, SBC and the other regional Bell operating companies, which own virtually all of the copper cable that delivers telephone service to homes. AT&T has had to rent access on the local companies` cable to service residential customers.
It`s not all clear sailing for the regional companies, though. They face mounting competition from cell phones and from cable television companies that are increasingly offering local phone service over their circuits, as well as from Internet telephony.
|
22.07.2004
AT&T Abandons Residential Market
Facing plunging revenue and an unfriendly regulatory and legislative landscape, AT&T is abandoning the residential telephone market, though it says it will continue to serve existing customers.The company`s board of directors made the decision. It wants AT&T... |
|
03.02.2003
Sprint Raises Long-Distance & Residential Rates
Sprint is increasing several residentiallong-distance rates and fees effective March 1, 2003.Changes range from a 20% hike in a monthly fee for a"bucket-of-minutes" plan to a 0.33% increase in Sprint`s"Carrier Property Tax" fee.Industry trends have pressuredother... |
|
25.10.2004
DirecTV Abandons Satellite Internet Plans
DirecTV• Billing Problems• Installation• Maintenance• Rebates• Sales Practices• Billing for "Adult" Shows• About those "Adult" Bills ...---News• Major League Baseball, Cable Operators Reach Agreement• Major League... |
|
12.11.2004
AOL Abandons Broadband
America Online was slow to get into the arena of broadband services. It`s getting out a lot faster. Meanwhile, AOL is planning a plunge into the crowded waters of online travel. The once-dominant Internet Service Provider stopped marketing its high-speed service... |
|
21.09.2006
High-Speed Internet Overtakes Dial-Up in Market Share
Broadband Access• Report: Metered Broadband Bad For Consumers, Businesses• FCC Votes to Punish Comcast for Content Blocking• Comcast Tries to Polish Its Image• Communications Industry Urges Congress to Act on Broadband• Comcast Cuts... |
|
