AT&T sees weak spot in wi-fi gear unit weighing on third-quarter income


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

Author: Maxwell C.

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