Of course, this won't help sector sentiment, even if it is beloved AWE: <CHICAGO, July 23 (Reuters) - AT&T Wireless Services Inc.
(AWE - news), the nation's third-largest wireless telephone company,
on Tuesday said it expected significantly fewer net subscriber
additions in the third quarter compared with the second
quarter.
The Redmond, Washington-based firm had added 417,000 net
new customers in the second quarter, compared with analysts'
expectations of about 550,000.
AT&T Wireless blamed a slowdown in industrywide subscriber
growth as well as negative customer growth from WorldCom Inc.
, which said earlier this year it would exit the
wireless business.
WorldCom, which declared Chapter 11 bankruptcy protection
earlier this week, sold wireless service under its own brand
using other companies' networks including AT&T Wireless.
((--Yukari Iwatani, Chicago Equities News at 312 408 8787,
chicago.equities.newsroom@reuters.com))>
quid |
