AT&T Inc missed Wall Street estimates for quarterly revenue on Wednesday, hit by...
FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo
AT&T has reduced its dependency on the phone business by buying media content through its acquisition of Time Warner, yet faces a daunting struggle to find growth as declines in one business offset growth in another. The second-largest U.S. wireless carrier by subscribers added a net 80,000 phone subscribers, surprising on analysts’ forecast of a loss of 44,000 subscribers as its cut the price of plans to combat strong competition in the saturated U.S. market.
DirecTV Now, AT&T’s streaming service, lost 83,000 subscribers, more than analysts’ expectation of 82,000 losses.
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