AT & T reported first quarter results that missed estimates. The stock lost nearly 4 percent on Wednesday's trading session as the largest pay-TV provider in the US lost subscribers to its satellite and underground services.
– Linear Video Subscribers were 187,000 in the quarter while AT & T added 312,000 subscribers to its streaming service DirecTV Now.
-Postpaid wireless supplements were 49,000 in the US.
AT & T, the owner of satellite provider DirecTV, has lost subscribers to its traditional television packages as more consumers cut the line and opt for cheaper streaming services. In wireless, both AT & T and Verizon lost the proportion of postpaid customers or customers paying a monthly bill to the smaller, lower-priced competitor T-Mobile.
AT & T is currently in the process of testing its offer of $ 85 billion media company Time Warner
AT & T executives have said that buying Time Warner, the owner of cable channels like HBO and CNN, is one possibility for the company to diversify its revenue and give AT & T a competitive advantage in the mobile market by ownership of content
But in November, the US Department of Justice sued the deal on the grounds that it was anti-competitive. Last week, the CEO of AT & T, Randall Stephenson, took the stand to defend the deal.