Here’s a run-down of AT&T (NYSE:T) news stories from this week. AT&T (NYSE:T) stocks ended the week at 27.44 (as of 9/3/2010).
Weekly News Roundup: AT&T (NYSE:T)
Tuesday 31 August
AT&T Inc (NYSE:T) has met its match in competitor Clearwire Corp. (NASDAQ: CLWR), who came out with a new offering called Rover, a pay-as-you-go 4G wireless Internet service.
Admittedly, it’s not cheap at $50 a month, but this is 4G, and the best part is, there’s no contract to sign. And, Clearwire said, Rover will not feature any data caps. Currently AT&T Inc (NYSE:T) is offering a 5 GB prepaid plan for $60 a month.
Wednesday 1 September
Even after having exhaustive discussions, AT&T (NYSE:T) and the Crown Media owned Hallmark channels failed to reach a working agreement, and the result was the carrier losing two popular television channels.
As the disagreement started some time ago, AT&T (NYSE:T)’s U-verse TV service had already informed their subscribers that the Hallmark channels may go dark if they failed to reach an agreement.
Thursday 2 September
AT&T Inc (NYSE:T) said today that its scheduled expansion of AT&T service in Arizona and other states in the southwest will be completed ahead of schedule.
The company purchased wireless infrastructure from Verizon Wireless in June 2010, and said it plans to complete network upgrades by the end of 2010 or the beginning of 2011, significantly sooner than the earlier estimate of mid-2011.
Once network upgrades are complete, AT&T will launch service for Alltel customers in rural Arizona.
We will be monitoring the AT&T (NYSE:T) stock level for developments over the next couple of weeks.
