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Verizon does not foresee slowdown

Thu, 01/10/2008 - 7:48am
Mike Robuck

Reuters is reporting that Verizon Communications does not expect to see an impact from a slowdown in the U.S. economy, which is in direct contrast to what AT&T said earlier this week.

Earlier this week, AT&T chairman and CEO Randall Stephenson told attendees at Citigroup’s Entertainment, Media and Telecom Conference in Phoenix that his company expected to see a slowdown in its broadband and wireline phone sales to consumers.

Stephenson attributed the slowdown to the downturn in the economy, which led to service disconnections due to a lack of payments.

According to Reuters, Verizon CEO Denny Strigl told an audience of investors at the Citigroup conference that his company is seeing no economic impact on its sales to enterprise and small businesses, or on its total access phone lines.

Stephenson said the downturn in the economy was not affecting AT&T’s sales to its enterprise and small- to medium-size businesses.

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