AT&T looking to expand oversease?
By Will Park on Friday, October 5th, 2007 at 3:06 PM PST In AT&T, Partnerships, Services, Telecommunications
It looks like Randall Stephenson is taking a gander at the overseas market, namely India, as a possible expansion opportunity. AT&T (NYSE: T) has entered a bid for a wireless license in Qatar, India in cooperation with India’s Mahindra Telecommunications. As the world’s fastest growing wireless market with 200 million mobile users, it makes sense for AT&T to try and cash in on this cash cow.
AT&T has entered a bid for a 2G license, but if things go well, we could see AT&T offering 3G services in India. We could even see AT&T hit the Middle East and Asian markets, as AT&T’s head honcho Randall Stephenson expressed interest in these markets when he took control of the AT&T reigns earlier this year.
We’ll keep an eye on how this develops. It’s great that AT&T wants to get in on the explosive wireless markets overseas, but how about concentrating on network quality and 3G coverage in the US? Yea, remember us, AT&T?
[Via: MSNBC]
