AT&T revenue misses estimates as customers keep phones longer
An AT&T sign is seen outside a branch in Rolling Meadows, Illinois, U.S., October 24, 2016. REUTERS/Jim Young/Files/ (Reuters) - AT&T Inc's quarterly revenue missed estimates due to lower equipment sales as customers held onto phones longer and rival wireless carriers offered new promotions on unlimited data plans, the No. 2 U.S. wireless carrier said on Tuesday. It said it lost 191,000 postpaid subscribers, who pay bills monthly, in the United States on a net basis in the first quarter ended March 31. AT&T and industry leader Verizon ...
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