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Tuesday December 4, 2007 2:01 pm
AT&T Pay Phones To Become Dinosaurs
Notice the lack of pay phones lately? AT&T has decided to back out of that business by the end of this year. The problem is in the figures; this is a result of a drop from 2.6 million in use in 1998 to about 1 million this year. Independent companies will take most of their business. According to experts, about 89% of people are currently using cell phones. BellSouth dropped their pay phones before being bought out by the AT&T, but rival Verizon says it will continue to operate their 250,00 pay phones. Whatever will Superman do?
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| Bloomberg
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