AT&T 'to axe suppliers'

Telecoms firm AT&T plans to reduce its number of equipment suppliers, according to a report in the US media.

The claim was made by Simon Leopold, a senior analyst at financial services firm Morgan Keegan (MK), writing in investment magazine Barron's. His report said that AT&T, which has an annual spend of $15 billion (£9 billion), wanted to secure better contract terms and build stronger relationships with a smaller number of suppliers.

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