AT&T expects strong Q3, eyes 10M U-verse mark

09/21/2013 | Bloomberg · MarketWatch · GigaOm · MarketWatch

AT&T issued a strong forecast Friday for its third-quarter earnings, saying it expects to surpass 10 million subscribers for its U-verse video and broadband service combined, as well as record smartphone sales. AT&T also said that federal regulators had cleared its purchase of Atlantic Tele-Network's wireless assets in a $780 million deal and that it would start converting Alltel's 620,000 subscribers to AT&T's high-speed networks in mid-2014. Also, AT&T confirmed reports from last week that it has put its wireless towers on the block, assets that analysts estimate could fetch more than $4 billion.

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