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Friday, April 17, 2009

AT&T in Discussion with Apple to Extend Deal to be Exclusive Carrier of iPhone?

The Wall Street Journal is reporting that Randall Stephenson, AT&T’s CEO, is in discussion with Apple to extend the lucrative deal to be the exclusive carrier of iPhone in US.

It's speculated that the current deal is expected to expire next year (2010) though reports back in 2007 had suggested that AT&T had cracked an exclusive deal for 5-years.

Wall Street Journal is reporting:

"But AT&T's exclusive deal to carry the iPhone in the U.S. expires next year, according to people familiar with the matter, and Mr. Stephenson is now in discussions with Apple Inc. to get an extension until 2011."

AT&T had added whopping 4.3 million iPhone subscribers in the second half of 2008; of which about 40% were new customers. So if the exclusive deal with Apple is indeed expected to expire next year then I'm not surprised that AT&T is looking to extend it further.

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