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AT&T continued to sign up customers to its U-verse TV service at a healthy pace in the second quarter, but the telecom giant added fewer subscribers than in the previous quarter for what seems to be the first time since the service’s launch.
The weakened growth didn’t come as a surprise to most on Wall Street. But it is a sign that the recession, the challenged U.S. housing market and/or seasonality are having some impact on the fast-growing service that has competed more aggressively with cable operators over the past year.
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