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AT&T Sees Q1 Wireless Subscribers Over 400,000
Posted: 03-Apr-2000 [Source: Reuters]

[AT&T's first quarter brings their total wireless subscriber base up to 12.2 million.]

New York -- "AT&T Corp., the No. 1 U.S. long-distance telephone company, said it expects its wireless telephone unit to generate first-quarter revenues of more than $2.1 billion and add more than 400,000 new subscribers.

"AT&T said it expects the wireless unit's earnings before interest, taxes, depreciation and amortization (EBITDA), excluding other income, to exceed $350 million during the first quarter.

"AT&T (NYSE:T - news) plans to raise more than $10 billion in an initial public offering of a tracking stock that will reflect the wireless operations.

"The offering, which will be launched later this spring following a series of investor presentations, would be the largest IPO in U.S. history.


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