AT&T Flatlines Despite Wireless Growth

AT&T said its consolidated revenues fell 0.3% year-on-year to 31.5 billion US dollars in the third quarter of 2011, dragged down by a 2.2% fall in "wireline" revenues. The giant U.S. telco said that wireless service revenues increased 4.3% to 14.3 billion dollars in the quarter, as the company posted a net gain in total wireless subscribers of 2.1 million, to reach 100.7 million in service. source: AT&T statement