ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

T-Mobile Cutting More Jobs, Plans Further Operational Shuffling

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- T-Mobile USA will pare 900 jobs, its second round of cuts in two months, following 10 consecutive quarters of contract user losses, even as some rivals are boosting their customer rolls. T-Mobile, with about 36,000 employees, in March said it would trim 1,900 jobs and close seven call centers to help preserve funds for a $4 billion network upgrade to a high-speed mobile broadband network known as 4G LTE. Bellevue, Wash.-based T-Mobile lost 510,000 of the lucrative contract users last quarter, which it said was partly due to it not yet offering the Apple Inc. (AAPL) iPhone. The carrier continues to wrestle with the fallout from the failure of its deal to be taken over by AT&T Inc. (T) for $39 billion last year. T-Mobile put strategic plans on hold for nearly a year, while competitors sought out new wireless airwaves, and the carrier has said that it doesn't expect to be net positive on contract customer gains until at least 2013. "We are restructuring the organization and optimizing operations so that we can make critical decisions better and faster," the company said in an e-mailed statement. "By reducing our cost structure and streamlining operations, T-Mobile will be able to invest in areas where we anticipate the strongest return." A spokeswoman said the cuts wouldn't impact the remaining 17 call centers, engineers, technicians or salespeople in T-Mobile retail locations. T-Mobile parent Deutsche Telekom AG (DTEGY, DTE.XE) has discussed potential combinations with other U.S. carriers, including MetroPCS Communications Inc. (PCS), though no deal is imminent and there are no exclusive negotiations between the two, people familiar with the matter say. The company has said it is considering selling some of its cell towers to raise funds. AT&T ended its bid to take over T-Mobile in December after facing resistance to the deal from the Justice Department, the Federal Communications Commission, state attorneys general and some competitors. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Att (T)
DateTimeHeadline
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/16/201400:40:05Apple Reports Record Preorders for New iPhone
09/11/201422:20:29Asian Shares Rise as Nikkei Pushes Higher
09/09/201401:57:21Amazon to Offer Fire Phone for 99 Cents
09/09/201401:56:53Amazon to Offer Fire Phone for 99 Cents With 2-Year Contract
09/07/201420:13:26New iPhone Faces Risk as Carriers Phase Out Subsidies
09/04/201400:00:25Bank of Japan Stands Pat on Policy
09/02/201402:05:46Australia's RBA Holds Interest Rates Steady
08/13/201421:02:04Telstra to Buy Back Up to A$1 Billion of its Shares
08/06/201414:15:12AT&T Considering Purchase of Houston Sports Channel -Bloomberg
08/06/201407:50:10Dish Network Swings To Profit
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/23/201419:06:35Otter Media Near Deal for Majority Stake in Fullscreen -Re/code
07/23/201416:21:07MARKET SNAPSHOT: S&P 500 Closes At Record On Strong Earnings
07/23/201412:07:40MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Sets Intraday Record
07/23/201410:20:13MARKET SNAPSHOT: U.S. Stocks Inch Higher; Boeing Weighs On Dow
07/23/201409:50:41MARKET SNAPSHOT: U.S. Stocks Open Higher; S&P 500 At Record
07/23/201409:42:33MARKET SNAPSHOT: U.S. Stocks: Futures Higher After Strong Earnings
07/23/201407:03:16MARKET SNAPSHOT: U.S. Stocks: Futures Higher; Boeing Ahead

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad