AT&T confirmed its commitment to its U-verse service Tuesday, telling Wall Street analysts that it will reach 1 million video customers by the end of next year. U-verse is averaging more than 10,000 new subscribers a week. The company also announced a share-buyback plan and a 12.7% increase in its dividend.
AT&T's U-verse service, which delivers TV programs over an Internet connection, hit a snag over the weekend when an outage affected all 33 markets in which it is available. AT&T is still investigating the U-verse glitch.
IPTV software glitches slowed the pace of AT&T's U-verse rollout, but the company said the software upgrades were complete. AT&T will announce Wednesday that U-verse will be available in parts of Milwaukee and Racine, Wis., with launches set for the Dallas-Fort Worth market and Kansas City next month.