AT&T Inc on Wednesday reported more subscriber additions in the fourth quarter than expected, as aggressive promotions during the holiday season helped it attract more customers that were looking to upgrade their devices and internet plans.
The U.S. carrier added 656,000 postpaid phone subscribers in the latest quarter, above Factset estimates of 644,800 additions. Analysts and investors closely watch postpaid subscribers as those customers pay a recurring monthly bill, making them valuable to the carriers.