AT&T sees 500,000 wireless net adds in second quarter

Thu Jun 6, 2013 5:46pm EDT
 
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NEW YORK (Reuters) - AT&T Inc (T.N: Quote) said on Thursday that it expects to report second quarter net subscriber additions of about 500,000 and stronger U-verse broadband and TV subscriber growth.

It backed its full year forecast for revenue growth exceeding 2 percent and reported "strong free cash flow" and another $1 billion in cash proceeds.

It said that the cash came from a distribution of about $500 million from YP Holdings LLC, where AT&T holds a minority stake, and about $550 million from its recent sale of shares in America Movil (AMXL.MX: Quote) shares.

(Reporting By Sinead Carew)

 
The AT&T logo is pictured by its store in Carlsbad, California, April 22, 2013. REUTERS/Mike Blake