exceeded market expectations for wireless subscriber additions in the second quarter on Wednesday, as the telecom operator’s higher-tier unlimited plans attracted customers.The company added 419,000 monthly bill-paying wireless phone subscribers, compared with expectations of 284,800 additions, according to five analysts polled by FactSet.
That has also helped AT&T retain customers better than rivals, with its postpaid phone churn- the number of people disconnecting from a company’s service – coming at 0.70%, the second lowest reported for a second quarter. However, slower phone upgrades in the U.S. weighed on AT&T’s revenue, mirroring comments from Verizon.
AT&T, one of the largest telecom operators in U.S., was troubled by data breaches and hours long outages this year.