AT&T Fiber Is Firing On All Cylinders? Not So Fast.
Telco giant AT&T (NYSE: T) is finally showing some much-needed signs of life. The company picked up an impressive 708,000 postpaid wireless customers last quarter, and added 338,000 fiber broadband subscribers. AT&T says it's grown its wireless business more than any of its rivals have this year, in fact, and touts 11 consecutive quarters of fiber broadband customer growth in excess of 200,000.
There are a couple of important footnotes regarding the company's recently ended third quarter to consider, though. AT&T isn't exactly firing on all the cylinders it seems to be firing on.
Yes, AT&T has brought 2.2 million wireless subscribers into its fold through the first three quarters of the year. It's arguable, however, that this growth is more the result of rival Verizon's (NYSE: VZ) own struggles than AT&T's savvy.
Source Fool.com
