AT&T Unveils Combined Internet Access, Long-Distance Package

AT&T (T Quote - Cramer on T - Stock Picks) is introducing a new offering that includes both Internet access and long-distance telephone service.

The plan is called the AT&T 7/7 Offer, and will allow unlimited access to the Internet with AT&T Worldnet service. Additionally, users will be charged seven cents a minute on state-to-state long-distance calls. The monthly fee is $7, and both services will be combined on one bill.

AT&T said the new offering will "set the stage" for the future deployment of multiple forms of communications packages.

Shares of AT&T gained 62 cents, or 2.7%, to $24 in recent New York Stock Exchange trading.