AT&T Suffers Sales Fall

AT&T reported revenues for the third quarter of 39.7 billion dollars, down almost 3% year-on-year. It said the fall was primarily due to declines in legacy wireline services and consumer mobility. In the wireless market, AT&T is facing aggressive competition from T-Mobile US and Verizon Wireless, in particular.

Revenues in AT&T's entertainment unit also declined year-on-year, falling 100 million dollars to 12.6 billion dollars for the third quarter.  Hurricanes and earthquakes also shaved 100 million dollars off group revenue, AT&T added. Source: AT&T statement