Jan 26, 2011
AT&T Is Latest Pension Victim
AT&Tcontributed $1 billion to its pension plan in the fourth quarter, adding to a growing theme this earnings season.
The contribution comes as AT&T took a $6.3 billion charge in 2011 related to a remeasurement of its pension and postretirement benefits.
Jan 26, 2011
AT&T Chief Stephenson Says FCC Slow to Provide Wireless Airwaves
Chief Executive Officer Randall Stephenson said the Federal Communications Commission has been slow to arrange auctions to provide wireless airwaves needed as use of smartphones and other mobile devices increases.
Jan 26, 2011
AT&T in $6.7 Billion Loss On Failure of T-Mobile Deal
On Thursday the company reported a substantial $6.7 billion loss for the fourth quarter, largely stemming from the breakup fees incurred as a result of its failed acquisition of T-Mobile USA. During the same period a year earlier, the company reported a profit of $1.09 billion, or 18 cents a share. After discounting charges from the $4 billion breakup fee, AT&T ’s profit was 42 cents a share, down from 55 cents a year earlier; analysts had expected 43 cents.
Jan 25, 2011
AT&T Bashes Sprint over Plans to Use Wireless Roaming
In a company blog post, AT&T Senior VP Bob Quinn trashed Sprint's decision to make clients use roaming service in several states, rather than build out the infrastructure to provide service themselves. Beginning in March, devices of Sprint customers will roam on other wireless networks in many parts of Kansas and all but the metropolitan areas of Oklahoma. Some customers will see higher charges on their wireless bills as a result.
Jan 22, 2011
AT&T becomes an Occupy target
Members of the Occupy movement have previously targeted banks and the city's venerable Rose Parade, but on Saturday they targeted new territory — an AT&T facility at the corner of Colorado Boulevard and Raymond Avenue.
Members of the group said the telecom giant is a fair target for their message critical of corporate influence on government and the nation's increasing income disparity.
Jan 20, 2011
AT&T Data Pricing Risks Defections
Customers who sign up for new data-service plans starting on Sunday will pay as much as 33% more a month, part of a strategy by the company to manage 40% annual growth in wireless data and to capitalize on demand for data-hungry devices like the Apple Inc. iPhone.
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