AT&T misses revenue estimates on slower wireless customer growth

AT&T misses revenue estimates on slower wireless customer growth

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/01/30/att-misses-revenue-estimates-on-slower-wireless-customer-growth-.html

AT&T on Wednesday reported quarterly revenues and new wireless subscribers that fell short of Wall Street expectations, sending shares down nearly 3 percent, as its focus shifted to paying down debt from boosting its customer base.

The second largest U.S. wireless carrier by subscribers, which spent $85 billion to acquire media company Time Warner, has turned its focus to paying down debt, pulling back on price promotions for phone and television entertainment plans and sacrificing new customer gains in the process.