In a forecast that, in some ways, resembles France Telecom's, at&t executives now say the company will achieve double-digit adjusted earnings growth in 2008. Where the forecast resembles France Telecom's projections is the full-year wireline segment, where at&t forecasts 2008 earnings before interest, taxes, depreciation and amortization in line with 2007. France Telecom executives recently projected 2008 cash flow consistent with 2007.
at&t also expects 2008 wireless EBITDA in the low 40-percent range.
For its U-Verse Internet-based TV project, at&t said it expects to reach more than one million subscribers by the end of 2008.
Longer term, at&t expects adjusted earnings growth in the double-digits and mid-single-digit or better revenue growth. That's another area where at&t and France Telecom have common views. Where 2008 might just keep pace with 2007, growth will accelerate after that.
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