AT&T: We Really Do Suck in SF & NYC

AT&T this morning said its earnings rose 25 percent in the fourth quarter thanks to its wireless business, and told consumers, if not investors, what they wanted to hear by detailing plans to spend $18-$19 billion in capital expenditures, with $2 billion aimed at wireless backhaul. The carrier, which has the dubious honor of being the exclusive provider of the iPhone, has been the target of much ire on the part of its customers due to the poor performance of its network, especially in major cities.