FILE PHOTO: The AT&T brand is footage on a constructing in Los Angeles, California, U.S. August 10, 2017. REUTERS/Mike Blake
(Reuters) – AT&T Inc mentioned on Wednesday weak spot in its wi-fi tools unit might weigh on its third-quarter income.
Low improve charges are hurting its wi-fi tools income, AT&T mentioned.
The corporate additionally mentioned it expects current-quarter income at its WarnerMedia unit to fall by $400 million from a 12 months earlier, primarily as a result of a robust second half final 12 months at Warner Bros.
AT&T forecasts premium TV subscriber traits to enhance in 2020, because it expects far fewer clients on promotional pricing and the nationwide launch of AT&T TV.
Reporting by Bharath Manjesh in Bengaluru; Enhancing by Maju Samuel