U-Verse Growth Is Slowing
Even with the TV slowdown, I suspect we’ll find AT&T is still adding more net new subscribers than its cable and DBS competitors, as it did in 2Q09. But, I wonder if this slowdown shouldn't be noted. These should be "hyper growth" times for U-Verse TV. It’s supposed to be getting in stride, picking up steam, whatever cliché you want to use -- not slowing down. If a slowing growth trend continues for AT&T, 3Q09 might be identified as the quarter in which the U-verse star started to fade.
— Bernardin Arnason, Managing Partner, Pivot Group , and Chairman, TelcoTV 2009
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