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An AT&T retail store is shown in New York's Times Square. (MARK LENNIHAN/MARK LENNIHAN/AP)
An AT&T retail store is shown in New York's Times Square. (MARK LENNIHAN/MARK LENNIHAN/AP)

AT&T posts massive quarterly loss Add to ...

AT&T Inc. posted a massive quarterly loss due to a break-up fee for its failed T-Mobile USA merger and a pension-related charge on top of costly subsidies for smartphones such as Apple Inc.’s popular iPhone.

As a result, the telephone company posted a loss of $6.68-billion or $1.12 per share, compared with a profit of $1.09-billion, or 18 cents per share in the year ago quarter.

Revenue rose to $32.5-billion from $31.36-billion and compared with Wall Street expectations for $31.95-billion, according to Thomson Reuters I/B/E/S.

The No. 2 U.S. mobile provider said it added 717,000 subscribers in the quarter, beating the average expectation for 570,000 from seven analysts.

AT&T had to scrap its plans for a purchase of Deutsche Telekom’s T-Mobile USA in December after regulatory opposition.

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