AT&T Wireless reworks 2002 forecast
The wireless carrier makes adjustments to include an acquisition and says it expects more growth in sales but less growth in operating cash flow.
The Redmond, Wash.-based wireless carrier said it now expects percentage growth of its service revenue in 2002 to be in the midteen range, compared with its previous forecast of low double-digit growth.
It expects percentage growth for operating cash flow, or earnings before interest, taxes, depreciation and amortization, to be in the low- to mid-20s because of the early closing of the TeleCorp acquisition, the impact of competitive pricing and the economy.
AT&T Wireless said it also expects to grow its 2001 year-end subscriber base of 18 million by about 20 percent.
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