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AT&T to Boost Rates for Some Customers

IN BRIEF/ TELECOM

December 28, 2002|From Bloomberg News

AT&T Corp., the biggest U.S. long-distance telephone company, will raise prices for some customers Jan. 1 after sales fell and rivals increased rates.

New residential subscribers to AT&T's 7-cents-a-minute plan will pay a monthly fee of $4.95, $1 more than current customers, spokesman Gary Morgenstern said. Rates for services such as operator-assisted calls also will rise, according to AT&T's Internet site.

Shares of New York-based AT&T fell 6 cents to $26.75 on the New York Stock Exchange.

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