Comcast (Nasdaq: CMCSA) will face new competition from AT&T's (NYSE: T) U-verse TV in Hattiesburg, Miss., after the city council approved a cable franchise for the telco on Tuesday.
While Verizon has halted new construction for its FiOS TV service, AT&T said it plans to expand its U-verse footprint. The company didn't say when it plans to begin selling U-verse TV and Internet in Hattiesburg.
AT&T gained 232,000 U-verse TV and a record 731,000 U-verse Internet subscribers in the first quarter. It's scheduled to release second-quarter earnings on July 23.
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AT&T adds record 731,000 U-verse Internet and 232,000 TV subscribers in Q1 2013