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  • Writer's pictureBy The Financial District

AT&T Sees Subscriber Growth Petering Out

AT&T delivered fiscal year 2023 guidance in remarks at a conference, saying it expects to add fewer postpaid phone subscribers in the second quarter as growth slows and competition revs up, Angela Palumbo and Janet H. Cho reported for Barron’s Daily.

Photo Insert: AT&T projects it will add slightly more than 300,000 subscribers, down from 424,000 net additions in the first quarter.



AT&T projects it will add slightly more than 300,000 subscribers, down from 424,000 net additions in the first quarter. It attributed the drop to “deliberate decisions to not pursue business with an uneconomic return profile,” and the temporary impact from competitors’ products.


The firm reiterated guidance for full-year free cash flow of $16 billion or better and second-quarter free cash flow of $3.5 billion to $4 billion, up from $1 billion in the first quarter.



The company reports second-quarter earnings July 26.

The Federal Communications Commission (FCC) also wants to require cable and satellite TV companies to give upfront, all-in prices as part of President Joe Biden’s fight against “junk fees.”


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Biden criticized providers for charging “broadcast TV” or “regional sports fees” that can raise bills 25% with no additional services.





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