After announcing a $15 billion share re-purchase program and an increase in its stock dividend, AT&T also announced during AT&T Analyst Day yesterday its U-verse fiber-to-the-node network will pass 30 million homes by 2010. The company also is promising 40,000 U-verse installations per week by the end of 2008.
Previously, the carrier would go no further than forecast service to 17 million homes by the end of 2008, a forecast that actually had been revised downward from 19 million. With the cable TV industry reeling from regulatory squabbles and the initial impact of competition, AT&T looks ready to go further out on an increasingly-sturdy looking IPTV limb.
For more:
- see this report in Light Reading
Related articles:
- AT&T notched 100,000 customers for U-verse in early September