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Wednesday, April 20, 2011

AT&T subscriber growth weakens, Lost the US right to Sell iPhone

AT&T Inc's first 3 months of 2011 subscribers growth weekend as it lost exclusive U.S. rights to sell the Apple Inc iPhone.
Its addition of 62,000 net contract customers in the quarter was better than the average expectation for a loss of 83,000 customers from seven analysts polled by Reuters.
AT&T earnings rose to $3.4 billion, or 57 cents a share, matching the average Wall Street estimate, according to Thomson Reuters I/B/E/S. A year earlier it posted a profit of $2.5 billion, or 41 cents per share.
Revenue rose 2.3 percent to $31.25 billion compared with analyst expectations for $31.26 billion, according to Thomson Reuters I/B/E/S.
AT&T shares were up 25 cents at $30.56 in premarket trading.
Its results came the day before the scheduled report of Verizon Communications, which owns Verizon Wireless along with Vodafone Group Plc. The Verizon Wireless iPhone hit stores Feb 10.


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