October 28, 2019 / 11:11 AM / a month ago

AT&T adds more monthly bill-paying subscribers than expected

The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid

(Reuters) - AT&T Inc (T.N) added more mobile phone subscribers who pay a monthly bill than analysts’ estimates for the third quarter as the wireless carrier attracted customers with media content bundled with phone plans.

The second-largest U.S. wireless carrier by subscribers added 101,000 postpaid subscribers, or those who pay monthly bills.

Wall Street estimated the company would add 61,000 net new postpaid phone subscribers, according to Cowen analysts.

Total operating revenue in the third quarter ended Sept. 30 fell to $44.59 billion from $45.74 billion, a year earlier.

(This story corrects to remove comparison to FactSet estimates, adds correct comparison to Wall Street estimate)

Reporting by Neha Malara in Bengaluru; Editing by Saumyadeb Chakrabarty

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