AT&T Inc. fell the most in almost a year after saying it lost 90,000 video subscribers in the third quarter because of heavy competition and weather-related disruptions.
AT&T provides phone, TV and internet service in the Houston area, which was ravaged by Hurricane Harvey in August, and in parts of Florida, hit by Hurricane Irma not long after. Higher credit standards contributed to the subscriber loss, the company said Wednesday in a filing. Without the 300,000 customers who signed up for AT&T’s new online service, the subscriber loss would have been 390,000.
