AT&T posts Q4 loss on charges | india | Hindustan Times
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AT&T posts Q4 loss on charges

india Updated: Jan 27, 2012 21:14 IST

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AT&T Inc posted a $6.7 billion quarterly loss as it was weighed down by a hefty break-up fee for its failed T-Mobile USA merger and other big charges on top of costly subsidies for smartphones such as Apple Inc’s popular iPhone.

On top of the $4 billion break-up package charge, AT&T also took a big impairment charge for its telephone directory business, which it said it was considering selling.

While advanced devices like iPhones can help subscriber numbers and revenue, they also shrink earnings as operators like AT&T and its bigger rival Verizon Wireless heavily subsidise the devices to attract customers to two-year contracts.