AT&T exceeds wireless subscriber estimates on demand for premium plans

AT&T exceeded expectations in the third quarter by adding 403,000 wireless phone subscribers, driven by the popularity of its premium unlimited plans offering perks like increased hotspot data. Despite missing revenue estimates due to lower phone upgrade volumes, the company’s postpaid phone churn remained low at 0.78%, supported by consistent promotions. Operating expenses rose 14% primarily due to a non-cash goodwill impairment charge, with the fiber business falling short of expectations due to a work stoppage impacting installations.

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