AT&T Earnings Preview: Postpaid Subscriber Adds, Margins In Focus

For the fourth quarter, AT&T CFO John Stephens said that even though postpaid net subscriber additions were expected to improve year-over-year (y-o-y), postpaid churn was likely to be higher in Q4 than the 1.11% reported last year. Speaking at UBS's 42nd Annual Global Media and Communications Conference last month, Stephens also said that growing competition and aggressive promotions by rivals Sprint, T-Mobile and Verizon were expected to hurt margins in the fourth quarter.