It plans to use the $2 billion from Frontier Communications to invest in its Project VIP initiative -- a rollout of an all-IP, wireless cloud network.
The big carrier, facing critical challenges to its growth, now envisions bringing its 4G LTE coverage to 300 million people by the end of 2014. The investment will come over three years.
Chief Financial Officer John Stephens says "the window of opportunity for owning assets is closing," and says AT&T will focus more on the US, including expanding its GigaPower fiber service.
commentary The FCC, with a new chairman and a full complement of commissioners now on board, needs to act with dispatch to adapt its regulations to the new marketplace realities of the digital age.
TIA report shows 'historic transition' for mobile industry.
Verizon confirms that the two sides are going their separate ways, although they will continue to sell each other services in areas where Verizon's landline business doesn't operate.
This article used year-earlier figures for the number of iPhone activations, subscriber growth, operating margins, and wireless and wireline revenue.
commentary The remaining wireline carriers want to speed up the transition to native IP networks, an investment that has the added bonus of ending the digital divide once and for all. So why won't the FCC let them do it?
The company's results, which show a one-time gain from its benefit plans, include adding a net 566,000 wireless contract subscribers and 440,000 tablets.
AT&T beats the Street, reporting slightly higher than expected revenue for the second quarter thanks to solid sales from wireless services.