Much has been said about Verizon Wireless and AT&T, but there is no getting around the fact that the former is years ahead when it comes to its expensive fiber optic network. This could have a damaging affect on the Apple iPhone, with Verizon making its network pale by comparison.
This is just what TheStreet believes and recent news in a fall in AT&T shares are a sure sign that things are not as good as they could be. AT&T are being hit from two sides, not only is their network not up to the challenge, they also face the prospect of losing its iPhone exclusivity with the prospect of Verizon getting the handset later this year.
However, recent news suggests that AT&T was able to extend its deal with Apple and the iPhone until the end of the year at least. It seems that they are managing to keep the wolf from the door just a little longer, but it is just delaying the inevitable?
Apple has been good to AT&T and has since given them a lifeline by offering them the exclusivity of the iPad 3G services in the U.S., how long for we do not know.