AT&T Scraps Plans for In-Flight High-Speed Internet Service — entrepreneur.com

AT&T Inc has scrapped its plans to launch high-speed Internet service on commercial flights in order to focus on international expansion and video offerings, the company said in a statement on Monday. On Friday, the carrier announced a $1.7 billion acquisition of Mexican operator Iusacell, AT&T's second major acquisition this year following a $48.5 billion bid for satellite operator DirecTV. "After a thorough review of our investment portfolio, the company decided to no longer pursue entry into the in-flight connectivity industry. We are focusing our capital on transformative investments, such as international and video," said Fletcher Cook, a spokesman for AT&T.

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