T&T Surpasses Wireless Subscriber Growth Expectations in Q2

Strong performance driven by higher-tier plans and fiber investments, despite revenue miss and past network issues.

AT&T added 419,000 postpaid wireless subscribers, exceeding analyst expectations of around 284,800.
Postpaid phone churn rate improved to 0.70%, indicating strong customer retention.
Free cash flow rose over 9% to $4.6 billion, surpassing estimates.
Revenue fell slightly short of projections at $29.8 billion, impacted by slower phone upgrades.
FCC report highlighted a February outage affecting over 92 million calls and 911 services.