Home Page : Archive News : April 2013 News : UPDATE 3-AT&T revenue disappoints as it loses cellphone subscribers | |
UPDATE 3-AT&T revenue disappoints as it loses cellphone subscribers | |
April 24, 2013 NEW YORK, April 23- AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent. As a result AT&T's revenue missed Wall Street expectations as its subscriber growth was driven by tablet computer users who pay lower monthly fees than phone users. Source: http://www.cnbc.com/id/100666643 |