The AT&T Corporation said yesterday that its first-quarter profit fell by almost half as stiff competition continued to drive telecommunications prices lower.
[C4.] AT&T Profit Drops by Nearly Half The AT&T Corporation said that its first-quarter profit fell by almost half as stiff competition continues to drive telecommunications prices lower.
Mexico's telecommunications regulator lowered the fees last year, but Telcel has been fighting them in court.
From airlines offering frequent flier deals to telecommunications companies lowering their fees to get more volume, organizations are spending millions of dollars developing and implementing rewards programs.
Shares of Turnstone Systems plummeted Monday, after the telecommunications company lowered its fourth-quarter revenue guidance, citing intensified weakness in the competitive local exchange carrier sector and reduced capital spending.
In the United States market on Friday, energy and financial stocks were higher, while the health care and telecommunications sectors drifted lower.
European markets were off slightly over all, as telecommunications stocks continued lower amid worries about debt, while old economy stalwarts like steel, oil and chemicals showed modest strength.
The cables enable the high-speed communications infrastructure that is essential for various economic initiatives, lower telecommunications costs between connection points, and offer more secure communications from point to point that would be impossible with third-party cables.
While the long-beleaguered banking sector traded higher on Wednesday, the best-performing parts of the market so far this year, utilities and telecommunications companies, traded lower.
[A1.] Nortel Networks Lowers Forecast Nortel Networks, the telecommunications equipment maker, lowered its revenue expectations for 2004.
