Published on 21 Apr 2022 on Reuters via Yahoo Finance
AT&T posts 2.5% rise in quarterly core wireless revenue
(Reuters) -AT&T Inc on Thursday posted a 2.5% rise in core wireless revenue for the first quarter, as the telecom giant benefited from the expansion of its fiber internet and 5G services.
The Dallas, Texas-based firm - whose WarnerMedia unit completed its merger with Discovery Inc earlier this month to form the new media firm Warner Bros. Discovery - added 691,000 monthly phone subscribers during the quarter.
AT&T is refocusing on its original business of providing internet and phone services after unwinding a years-long effort to become a media and entertainment company.