AT&T Jettisons Fixed Wireless Biz Unit
Company officials announced Tuesday the business unit, which serves nearly 48,000 customers, did not meet financial targets for the third quarter.In the middle of a decent earnings announcement Tuesday, AT&T Wireless Services announced that the company is exiting the fixed wireless business. According to officials of the Redmond, Wash., company, the business unit did not meet financial targets in the third quarter. The business, which serves nearly 48,000 customers, will be phased out in the next several months, they said.
"This is the right decision, given our strategic priorities and the additional capital our fixed wireless business would require going forward," said AT&T Wireless Chairman John Zeglis, in a statement. "We are committed to a phased exit that will ensure a high level of support for affected customers."