AT&T Re-shattered? Wireless is too Hot for Ma? Brian Hall
Just when the pundits agree wireless is gearing up to wipe the floor with its 20th Century predecessors, AT&T may be giving up on it.
Under the plan approved yesterday, people close to the company said, AT&T intends to spin off the company's cable television business and wireless units as separate companies over the next 12 to 24 months.
The company also plans to create a new stock to track AT&T's consumer long-distance division, which would operate as a separate retail unit. The remaining core of AT&T would control most of the company's network and oversee the unit that serves business customers.
Executives of the company declined to comment, but people close to the company said the decision would probably be announced tomorrow.
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