Wireless industry may not be recession-proof

The wireless industry has been paring down jobs over the past few months, but so far has remained fairly resilient in the midst of the economic recession. That premise may be about to change. As wireless carriers adopt new unlimited price plans around $50, and as first quarter subscriber and revenue reports are being released, there is some sign that the recession may be affecting wireless carriers. A mostly positive report from J.P. Morgan on Thursday, based on a meeting with AT&T management, noted AT&T had "seen some subscribers pricing down plans" in wireless. AT&T later said that its executives said nothing new in the meeting, but the industry will be watching first quarter earnings reports for any sign of weakness across the board. Article (sub. req.)


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