AT&T steps away from the phone booth
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The ubiquity of the cell phone has finally prompted AT&T to pull out of the pay-phone business, the company announced on Monday. By the end of 2008, AT&T says, it will have exited the business completely.
Since 2001, pay-phone revenues from ads have exceeded revenues from calls, of which the city gets a 10 percent cut. The city gets a bigger cut–26 percent–of the ad money. Last year, the article noted, the city took in $13.7 million of the $62 million in annual revenue from ads posted on the kiosks.
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