InfoAnda - AT&T wants to extend iPhone deal until 2011: WSJ

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: AT&T wants to extend iPhone deal until 2011: WSJ AFP - Thursday, April 16 WASHINGTON (AFP) - - US telecom giant AT&T Inc. is seeking to extend until 2011 the deal with Apple making it the exclusive service provider for the iPhone in the United States, The Wall Street Journal said Wednesday. ADVERTISEMENT The newspaper, citing "people familiar with the matter," said AT&T chief executive Randall Stephenson was in discussions with Apple to extend their agreement, which expires next year. It said an Apple spokeswoman declined to comment, saying only, "We have a great relationship with AT&T." The newspaper said Stephenson also declined to discuss the terms of AT&T's agreement with Apple beyond saying it was a multi-year deal. As the Journal pointed out, the iPhone has been a huge boon to AT&T, which added 4.3 million iPhone subscribers in the second half of 2008 alone. Stephenson told the paper that with or without the iPhone AT&T plans to invest heavily in wireless and that two-thirds of its capital outlays in the next five years will go to wireless-network investments and acquisitions. The Journal said that since Stephenson took over two years ago, AT&T has spent 18.8 billion dollars buying radio spectrum and cellphone companies and has spent over 1.3 billion dollars to discount the iPhone. The company also looked at potential overseas acquisitions last year and discussed a deal with Indian cellphone giant Reliance Communications Ltd. but balked at the 30-billion-dollar price tag, the newspaper said. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology US-TECH SummaryReuters - Thursday, April 16 Worldwide PC sales fall 7.1 percent in Q1: IDCReuters - Thursday, April 16 Verizon plans app mart for Hub Web phoneReuters - Thursday, April 16 Steep first quarter drop in worldwide PC salesAFP - Thursday, April 16 2008 confirmed growing Web role in US politicsAFP - Thursday, April 16 Enlarge Photo A customer walks into an AT&T Wireless store in San Francisco, California in 2008. US telecom giant AT&T Inc. is seeking to extend until 2011 the deal with Apple making it the exclusive service provider for the iPhone in the United States, The Wall Street Journal said Wednesday. Related Photos Slideshow Full Photo Coverage: Personal Technology Most Popular – Technology Viewed Police nab Norwegian pair during high-speed sex Bad mood, better recall, researchers find Obamas' new dog Bo takes a bow Harry Potter actor arrested over cannabis find UBS to cut 8,700 jobs after posting new losses View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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