AT&T’s Profit Rises 4.9 Percent as Subscriber Count Grows
AT&T Inc. said its third-quarter profit climbed 4.9 percent as the telecommunication company added more wireless subscribers.
AT&T added 363,000 customers who signed long-term service contracts in the latest period, compared with 151,000 a year ago and 551,000 in the second quarter. Verizon Wireless — the joint venture of Verizon Communications Inc. and Vodafone Group PLC — last week said it added 927,000 of the most profitable contract subscribers.
