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AT&T tops subscriber estimates as bundled plans, iPhone promotions lift sales
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AT&T tops subscriber estimates as bundled plans, iPhone promotions lift sales
Oct 22, 2025 3:53 AM

Oct 22 (Reuters) - AT&T ( T ) added more wireless

subscribers than expected in the third quarter on Wednesday, as

bundled plans and heavy promotions around the latest iPhone

launch helped it attract more customers in a fiercely

competitive market.

The quarter ended September is a critical period for U.S.

wireless carriers, with competition peaking around Apple's ( AAPL )

annual iPhone launch.

Like all other carriers, AT&T ( T ) has also rolled out lucrative

promotions for the iPhone 17 series to lock in new subscribers

and encourage existing users to upgrade to pricier plans.

It added 405,000 monthly bill paying wireless subscribers,

compared to expectations for 334,100 additions, according to

FactSet.

By packaging wireless and fiber broadband services together

for a discount, AT&T ( T ) has encouraged more customers to take

multiple offerings and reduce customer exits. More than 41% of

fiber households have also opted for mobile plans.

Investor focus has also been on the company's recent

strategic moves to bolster its network capabilities. AT&T ( T )

recently announced a landmark $23 billion deal to acquire

wireless spectrum licenses from EchoStar ( SATS ).

Equipment revenue in the third quarter grew 6.1%, pushed by

stronger phone sales. Operating costs in the mobility unit rose

3.8%, driven by higher expenses from selling more and pricier

phones and increased spending on marketing and promotions.

Revenue from its business wireline unit fell 7.8% in the

quarter, hurt by declines in legacy voice and data services.

On an adjusted basis, AT&T ( T ) earned 54 cents per share,

largely in line with estimates, according to LSEG data.

Total third-quarter revenue stood at $30.7 billion, missing

estimates of $30.87 billion.

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