US telco AT&T has declared it will need to spend more money deploying its IPTV service U-verse to reach less than the estimated number of households it predicted by the end of next year.
The company said it is increasing the total capital-expenditure estimate for the period including 2007 and 2008 to $4.5 billion-$5 billion. According to AT&T, the investment represents start-up costs that include new video-hub offices and other back-end systems. The homes-passed estimate was revised to 17 million by the end of 2008 versus 18 million expected previously.
AT&T announced third-quarter net profits of $3.06 billion (E2.08bn), up from $2.17 billion a year earlier, on revenues up from $15.6 billion to $30.1billion