What Does a Million Buy You?
For AT&T Inc. (NYSE: T), a million buys some breathing room. AT&T Operations president John Stankey announced the firm will achieve its long-touted goal of a million U-verse TV subscribers by the end of 2008. Heck, they’re even going to make it with a couple weeks to spare.
Good for them. Imagine if they came up short. What would the spin be on Wall Street? The “deteriorating economy” excuse is a given, but in light of respectable video growth numbers from cable and Verizon Communications Inc. (NYSE: VZ)’s FiOS, AT&T was surely feeling some pressure to deliver.
For the record, it’s good to see a U.S. carrier pass the million IPTV subscriber benchmark. The U.S. is slowly but surely building a respectable IPTV base and can join Europe and Asia as a legitimate telcoTV focal point.
— Bernardin Arnason, Managing Partner, Pivot Group , and Chairman, TelcoTV 2008