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AT&T and Verizon betting on video services

20 July 2007 21:44 by Rich "vurbal" Fiscus | 2 comments

When AT&T Inc. and Verizon Communications Inc. report quarterly results later this month, investors will be looking for proof that their expensive video strategies are starting to pay off.

The two companies have spent billions building high speed networks designed to compete with cable companies' all-in-one video, internet, and phone packages. These networks are seen by many as key to the success of traditional telephone providers, largely due to declining fixed-line phone sales and increasing competition from cable and online services.

For the traditional 13-state territory of AT&T, the company has said it plans to connect the network to around 18 million homes by the end of 2008.

AT&T shares have risen less than 1 percent in the past 3 months to trade on Friday around $39.30. Verizon shares have risen 13 percent over the same period to around $42.45.

"As they begin delivering on the metrics and people can see the product out there in the market, there will be less of a concern about the spending," said Atlantic Equity analyst Chris Watts, adding that positive consumer reaction to Verizon's FiOS video service over the past year was already helping that company's shares.

Source: Reuters

Permalink to this article

Is Verizon too cheap or is fiber too expensive? (18 June 2008)

Verizon's FiOS to compete with Time Warner Cable in New York City (28 May 2008)

DOCSIS 3.0 cable modems being tested (22 November 2007)

Verizon's FiOS is making cable companies nervous (24 October 2007)

AT&T comes in late with music downloads (31 July 2007)

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duckNrun (Inactive) 22 July 2007 0:16
I just want to remind everyone of the previous article on AD that showed how AT&T's new privacy policy states any and all data collected from, or for, people using it's networks is owned by AT&T and they can do whatever they want with it. This change took place shortly after they were sued for their illegal collaboration with the NSA spying program. This new privacy policy makes future lawsuits about spying, selling or giving away ANY of YOUR personal information, surfing habits, and phone call data impossible since you effectively acknowledge (by agreeing to terms of service) that YOUR info now belongs to AT&T instead of you. Just something for anybody using AT&T or thinking of switchng to AT&T should know ahead of time... because Lord knows THEY wont tell you this in any manner as clear as the above does. [ + quote]
borhan9 (AfterDawn Addict) 23 July 2007 18:18
I figure this is because of the iPhone contract this is how they are going to get the video on demand going. [ + quote]