AT&T barges into home security and automation

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Associated Press

Posted on May 7, 2012 at 5:01 AM

Updated Monday, May 7 at 5:02 AM

NEW YORK (AP) — AT&T says it will start selling home automation and security services nationwide, taking on incumbents led by Tyco's ADT.

The installations and services will be sold in AT&T stores, starting with a trial this summer in Dallas and Atlanta.

Several of AT&T's competitors, including cable company Comcast Corp. and phone company Verizon Communications Inc., have ventured into the home automation and security field. AT&T is showing more ambition, with its stated goal of selling nationwide, rather than sticking to its landline service territory.

Sanford Bernstein analyst Steven Winoker says home security and automation can be a very profitable business, but the market is not big enough to significantly affect earnings for a company of AT&T's size.

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