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AT&T Wireless Isnt Seeing Stock Soar Yet on News of Upcoming Spinoff.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, October, 2000 by Ward, John T.
Oct. 27--Batting leadoff in AT&T Corp.'s Project Grand Slam: AT&T Wireless Group, a business with the kind of stats to make fans swoon.
The unit will be the first spun off under the self-imposed breakup plan unveiled by AT&T this week, and just look at these numbers:
Sales of wireless calling plans and cell phones accounted for nearly $2 billion, or 69 percent, of the $2.9 billion in revenue gains posted by AT&T in this year's first nine months.
In each of the past three quarters, wireless revenue growth has ranged from dizzying to euphoria-inducing: 32 percent to 41 percent.
Just this week, the unit stunned Wall Street by reporting it had added a net 750,000 cellular subscribers in the third quarter, triple the total of the...
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