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AT&T Q3 results drop on Covid impact, subscriber numbers start to recover

2020-10-22 14:11:00| Telecompaper Headlines

(Telecompaper) AT&T reported a drop in third-quarter revenues and profit, due mainly to the impact of the coronavirus pandemic on its entertainment business. Subscriber numbers showed some signs of recovery, with over 1 million postpaid net adds in the mobile market and broadband growth thanks to subsidised offers during the pandemic. AT&T said it now expects to generate free cash flow of at least USD 26 billion this year and pay out just over 50 percent of that in dividends. 

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