AT&T Misses Phone Subscriber Estimates Amid Stiff Competition

www.oann.com | 1/24/2018 | Staff
chrismpotts (Posted by) Level 3
(Reuters) – AT&T Inc on Wednesday missed Wall Street estimates for net new wireless subscribers who pay a monthly bill, as the company struggled to attract customers in a saturated U.S. phone market.

The second-largest U.S. wireless carrier by subscribers faces competition from companies such as T-Mobile US Inc and Sprint Corp, who offer lower-priced phone plans.

AT - T - Phone - Subscribers - Bill

AT&T gained a net 134,000 phone subscribers who pay a monthly bill, smaller than analysts’ estimates of 208,000 subscribers, according to research firm FactSet.

The new WarnerMedia segment, which includes Turner and premium TV channel HBO, reported revenue of $9.23 billion during the quarter, beating estimates of $9.05 billion,...
(Excerpt) Read more at: www.oann.com
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