Table: Local Phone Prospects Sour
The Bell companies are starting to stumble. Growth rates are slowing for old and new businesses alike
LOCAL PHONE SERVICE
The number of local phone lines operated by the Bells declined about 1.3% during the third quarter, compared with a gain of 1.1% last year.
Sales of corporate data-networking services slowed, too. Revenues from data grew an estimated 18% in the third quarter, down from 25% in the fourth quarter of 2000.
The Bells added 432,000 new high-speed Internet access customers during the third quarter, down from a peak of 559,000 in the fourth quarter of last year.
The Bells' wireless businesses added 942,000 new customers during the third quarter, down from a peak of 2.1 million reached during the fourth quarter of 2000.