IP: AT&T Wireless Exits Fixed Arena

[David Farber <dave () farber net>]

> From: Dewayne Hendricks <dewayne () warpspeed com>
>
>
> [Note:  This is a significant bit of news.  I bet few of you knew that 
> AT&T was even in the fixed broadband wireless business?  As I've been 
> predicting for some time, this year will see a number of major players 
> fall out of the fixed broadband wireless business.  So last week we had 
> Sprint depart and now AT&T.  DLH]
>
> AT&T Wireless Exits Fixed Arena
>
> AT&T Wireless is quitting the fixed-wireless business, saying the division 
> just hasn't passed financial muster. According to the carrier's 3Q report 
> released earlier today, its fixed-wireless business would have required 
> significantly more money to gain the scale necessary for long-term 
> success. The carrier says it will cut the division during the fourth 
> quarter, and it will take a $1.3B pre-tax charge at that time. Reported by 
> Reuters.


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