AT&T Sacrificing Subscribers to Focus on Debt

AT&T is losing wireless and TV subscribers as it focuses on shrinking the company’s debt after the Time Warner takeover, the Los Angeles Times reports. While the company lost 627,000 TV and 204,000 wireless customers, overall debt was reduced by six percent. It is yet to be seen if the risky strategy will pay off, with a drop in subscribers affecting the company’s dividends and buyback power, however, the company is also exploring other avenues such as selling investments and property to abate the debt.

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