This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AT&T Mobility Chief Sees Breakthrough Year for Tablets

NEW YORK ( TheStreet) -- AT&T (T - Get Report) Mobility CEO Ralph de la Vega expects massive demand for tablets this holiday season, boosted by the recent launch of Microsoft's (MSFT - Get Report) Windows 8 operating system.

"I can't fathom how many tablets will be under those Christmas trees," he said during a keynote presentation at the UBS Global Media and Communications Conference in New York today. "One of the breakthrough years for tablets should be this year."

AT&T is the first company to offer Windows 8 tablets, he said. The company is adding devices based on Microsoft's new OS to its Apple (AAPL - Get Report) iPad and Google (GOOG) Android offerings.

In October, AT&T unveiled Windows 8 tablets from Asus and Samsung, part of the telecom giant's holiday-season push.

"This is the first time that we have had tablets from all three major OSes," said de la Vega.

Despite some rumblings of discontent with Microsoft's slew of new OSes, de la Vega said: "I'm very excited about what we're seeing from Windows -- the OS is very good," pointing to Nokia (NOK - Get Report) and HTC phones running Windows Phone 8.

The AT&T Mobility chief said the company's Apple business is "growing faster than ever."

AT&T activated 4.7 million iPhones during its third quarter, but wrestled with inventory constraints of the new iPhone 5.

De la Vega was asked about the recent round of consolidation in the telecom sector, which has seen Softbank acquire a 70% stake in Sprint (S) and MetroPCS (PCS) grab T-Mobile's U.S. operations.

"I think, in the case of Sprint, obviously the Softbank deal recapitalizes the company and gives them a better balance sheet," he replied, but sees no major M&A-driven shifts in the telecom market.

"It doesn't change, in my view, the competitive nature of the industry," he added. "What we see in the U.S. is a highly competitive environment, one that's creating great value for customers."

AT&T shares gained 0.21% to reach $33.99 on Wednesday.

-- Written by James Rogers in New York.

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.25 -0.14%
GOOG $542.56 -0.99%
NOK $7.55 -0.40%
MSFT $40.72 0.16%
T $32.89 0.74%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs