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(Reuters) – AT & T Inc. said Wednesday that the weakness of its wireless equipment unit could weigh on its third-quarter revenue.
Low upgrade rates are hurting revenue from wireless equipment, said AT & T.
The company also said it expects a decline of $ 400 million in the current quarter business of its WarnerMedia unit compared with the previous year, mainly due to the solid second half of Warner Bros.
AT & T anticipates that trends in the number of pay-TV subscribers will improve in 2020, as there are significantly fewer customers receiving promotional rates and the national launch of AT & T TV.
(Report by Bharath Manjesh in Bengaluru, edited by Maju Samuel)
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