AT&T Boosts Subscriber Rolls Even as Verizon Gains IPhone
This article is for subscribers only.
AT&T Inc., the second-largest U.S. wireless carrier, gained contract subscribers last quarter as promotions and new devices helped offset the loss of its exclusivity for the top-selling Apple Inc. iPhone.
AT&T said today it won 62,000 wireless contract users in the period. Tim Horan, an Oppenheimer & Co. analyst, forecast subscribers would be unchanged and JPMorgan Chase & Co.’s Philip Cusick predicted a loss of 100,000. Dallas-based AT&T also posted a 39 percent increase in first-quarter profit.