AT&T shared yesterday at its analyst conference in New York an updated 2008 and multiyear outlook and outlined its strategies for sustained double-digit growth in adjusted earnings per share driven by advances in wireless, broadband, enterprise, IP data and a new generation of converged services.
AT&T also announced a major expansion of its AT&T U-verse services to include the company's Southeast region, with deployment now expected to reach approximately 30 million living units across 22 states by the end of 2010. AT&T expects that its U-verse services will represent a multibillion-dollar revenue stream by 2010.
Randall Stephenson, AT&T chairman and CEO, said that AT&T will enter 2008 with solid operational momentum, having delivered 10 consecutive quarters of double-digit growth in adjusted earnings per share and five straight quarters of improved revenue growth. "Our premier set of assets is capable of generating continued strong results over the next several years," said Stephenson.
Part of AT&T's expanded outlook included it's U-verse IPTV service. In the coming year, AT&T expects to deliver significant progress in AT&T U-verse deployment with total AT&T U-verse video subscribers expected to exceed 1 million by the end of 2008. Beginning its commitment to bring the benefits of AT&T U-verse services to the Southeast, AT&T also has began a controlled launch of U-verse services in the Atlanta area. For the full year 2008, AT&T's outlook anticipates additional dilution from its U-verse deployment of approximately $0.12 to $0.14 per share above 2007 levels.