AT&T Beats Q3 Estimates, Increases Full Year Outlook On Better Cost Management

The wireless business had a relatively mixed quarter, as postpaid churn rates trended higher and net adds fell amid intense competition, although wireless margins were aided by an increasing uptake of subsidy-free plans and improved efficiency. The company also said that the integration of DirecTV - which it acquired for roughly $49 billion - was on track, indicating that it had seen some early success in realizing synergies, while bolstering its content strategy. Separately, AT&T also raised it...