Rochester, NY 7/11/2009 2:07:37 AM
Afternoon Results - T - AT&T Protests Compaints about Cell Phone Industry - Sourced WhisperFromWallStreet.com
AT&T Inc.
Afternoon Results - T - AT&T Protests Compaints about Cell Phone Industry - Sourced WhisperFromWallStreet.com
AT&T INC.,T
23.35 Down 0.03 (0.13%) 2:59pm ET
AT&T Inc. (T), one of the largest telecom companies in the country, is firing back at recent suggestions from policymakers that the cell phone industry is anticompetitive. In a letter sent Wednesday to Senate Judiciary Antitrust Subcommittee Chairman Herb Kohl, D-Wis., AT&T Senior Executive Vice President of External and Legislative Affairs James Cicconi said American wireless services are among the most innovative and lowest priced in the world. Cicconi is reacting to Kohl's recent request that the Federal Communications Commission and the U.S. Justice Department embark on a wide-ranging antitrust inquiry into the cell phone companies. At the same time, The Wall Street Journal has reported that the Justice Department is looking into the telecom industry as a whole for antitrust purposes.
Last Trade: 23.36
Day's Range: 23.19 - 23.50
52wk Range: 20.90 - 33.56
Volume: 15,033,957
ABOUT
AT&T Inc. operates as a communications holding company. Its subsidiaries and affiliates provide the AT&T brand services in the United States and internationally. The companys Wireless segment offers wireless voice communications services, including local wireless communications, long-distance, and roaming services with various postpaid and prepaid service plans. This segment also supplies various handsets and personal computer wireless data cards, as well as accessories. Its Wireline segment offers voice services, including local and long-distance services, calling card, 1-800 services, conference calling, wholesale switched access service, caller ID, call waiting, and voice mail services. This segment also provides data services, such as switched and dedicated transport, Internet access and network integration, and data equipment; high-speed connections comprising private lines, packet, dedicated Internet, and enterprise networking services, as well as DSL/broadband, dial-up Internet access, and WiFi products; businesses voice applications over IP-based networks; and local, interstate, and international wholesale networking capacity to other service providers.
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