AT&T looks toward growth in India

AT&T, which this week reported more landline losses but huge wireless gains in the first quarter-its wireless revenue shot up almost 50% to $2.9 billion--looks like it's planning to tap into India's emerging market, reports India's Economic Times.

AT&T is no stranger to the Indian sub-continent. In 2004, it sold its 33% stake in Birla AT&T (now Idea Cellular), but recently has established national and international long-distance licenses there.

But it's admittedly the lure of wireless wealth that has the American giant looking to reestablish its place. Telecom presentation has risen from 2% to 25% in just three years.

For more:
- See the full story in the Economic Times [1] or in Business Week [2] 

Related articles:
AT&T tells analysts its looking to India [3] 
India service provider sector on the rise [4]