- December 12th, 2007
- 2:21 pm
AT&T’s board of directors has approved a 12.7 percent increase in its quarterly dividend and a new 400 million share repurchase authorisation. AT&T increased the dividend from USD 0.355 to USD 0.40 per share on a quarterly basis and from USD 1.42 to USD 1.60 per share on an annual basis. AT&T’s new share buyback of 400 million shares replaces the programme announced in 2006, under which AT&T repurchased more than USD 13 billion of its shares. At a conference with investors AT&T also gave its outlook for 2008. This includes continued midteens mobile revenue growth and an acceleration in consolidated sales to the mid-single-digit range. The adjusted operating margin is expected to improve to 25-26 percent from an estimated 23-24 percent in 2007, and the mobile OIBDA margin will reach the low-40 percent range, moving towards the mid-40s by year’s end. The US operator predicted continued double-digit growth in adjusted EPS and growth in free cash flow to USD 16-17 billion. Capital expenditure is estimated at in the midteens as a percentage of total revenues. Finally, subscribers to AT&T U-verse are expected to exceed 1 million by the end of 2008, helped by the roll-out in the southeast of the country, started this month in Atlanta.
Wireless Mobile Telecom Wireless News
Verizon Wireless has signed a deal with Local Solutions Network to offer local news, weather and sports video over the V Cast network. The channel—Local TV Video—will offer access to news, weather and sports video stories from local television station affiliates, and will include almost 50 markets across the US including New York, Los Angeles and Atlanta. It’s not specified but it sounds like this is over Verizon’s mobile network rather than the MediaFLO broadcast network. Gizmondo suggests that you’ll be able to view the channel from anywhere rather than just the local vicinity, but it would be pretty simple for Verizon to detect where your phone is and offer you the local news just from that area. The channel will be included in the normal V Cast cost.
Wireless Mobile Telecom Wireless News
US operator Covad Communications has launched a standalone ADSL2+ business service. The service is available in 11 major markets and provides small businesses and home offices with faster data speeds to power bandwidth-intensive applications such as file-sharing and video conferencing. Covad’s standalone ADSL2+ is available in Atlanta, Chicago, Dallas, Los Angeles, Miami, New York, Philadelphia, San Diego, San Francisco Bay Area, Seattle and Washington, DC. Three speed tiers are available: up to 8.0 Mbps, up to 10.0 Mbps and up to 15.0 Mbps. Covad offers standalone ADSL2+ customers continuous support and a service level agreement that includes a mean time to repair (MTTR). ADSL2+ is available through Covad and its distribution partners.
Wireless Mobile Telecom Wireless News
Intec Telecom Systems will provide technology for QUALCOMM’s Wireless Business Solutions division’s next-generation billing system, the company said.
The QUALCOMM unit will use Intec Convergent Billing and Intec Mediation usage event pre-processing rating/billing and reporting platforms initially to serve domestic market customers and later for international markets.
More than 60 carriers and MVNOs in fixed, wireless, 3G and IP use Intec Convergent Billing for prepaid, postpaid and real-time billing. It is compatible with major network technologies and services.
The QUALCOMM implementation will be supported from Intec’s Regional Center of Excellence in Atlanta.
Wireless Mobile Telecom Wireless News