AT&T posts a surprise gain in U.S. phone subscribers

AT&T posts a surprise gain in U.S. phone subscribers

Reuters 

(Reuters) - Inc on Wednesday reported a surprise gain in who pay a monthly bill, as it began to bundle content from into new

closed its $85-billion acquisition of company in June, and created a new business segment called to house assets including the Turner TV networks and premium channel

The second-largest U.S. by subscribers gained a net 69,000 phone subscribers in the who pay a monthly bill, compared with analysts' estimates of a net drop of 22,000 subscribers, according to research firm

Third-quarter net income attributable to rose to $4.7 billion, or 65 cents per share, from $3.0 billion, or 49 cents per share a year earlier.

Total operating revenue rose 15.3 percent to $45.74 billion, beating analysts' expectation of $45.65 billion, according to Refinitiv data.

(Reporting by in and in Bengaluru; Editing by Supriya Kurane)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 24 2018. 16:37 IST