Economic Rebound In Second Quarter?

Wireless Week has the news.

AT&T’s CFO Rick Lindner told Reuters that he thinks the U.S economy will improve during the second half of the year. However, he said he thought the rebound will be led by businesses, before consumers. Citing mortgage issues and the high price of oil, Lindner reportedly said he expects it will take a bit longer for consumers to work through the economic downturn.

Despite reports of a rebound, Linder said AT&T still hasn’t seen any sign of slowdown in its wireless business.

With gas prices so high wireless minutes are probably cheaper than driving minutes. So it makes sense.