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Cingular, AT&T Boost Wireless Cost Forecasts

September 05, 2003|From Bloomberg News

Cingular Wireless and AT&T Wireless Services Inc. said a rule that lets customers keep their phone numbers when switching carriers is costing them more than forecast.

Cingular said complying with the order would cost it $377 million through next year. In 2001, Cingular's forecast was $250 million over five years. AT&T Wireless said it would spend $380 million through 2005; its earlier estimate was $92 million over two years.

Federal Communications Commission Chairman Michael K. Powell has said regulators, who have extended the number-portability deadline three times, won't do it again.

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