AT&T struck a truce with an activist investor that had been pressuring the telecom giant to revamp its strategy
AT&T Inc. struck a truce with an activist investor that had been pressuring the telecom giant to revamp its strategy and said its chief executive will stay at the helm through next year.
The deal came as the company reported another quarter revealing the challenges of moving beyond its traditional telephone business. Overall, quarterly profit and revenue declined from a year ago. AT&T’s core cellphone business gained subscribers but more than 1 million customers abandoned its DirecTV unit.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
AT&T’s Profit, Revenue Fall on TV DefectionsAT&T’s core cellphone business gained subscribers while more than 1 million customers abandoned its DirecTV unit, adding pressure on the telecom giant to turn the page with the unveiling of its HBO Max video streaming service.
Consulte Mais informação »
AT&T Loses Whopping 1.4 Million TV Customers in Q3, Lays Out Plan Responding to Activist InvestorAT&T announced a three-year capital allocation plan aimed at addressing concerns of activist investor Elliott Management, under which the company said it will continue to sell of pieces of the …
Consulte Mais informação »
AT&T Loses DirecTV Now, Pay TV Subs, Promises 'Portfolio Review,' CEO to Stay Through at Least 2020The telecom giant reports the latest financials and operating trends for its pay TV, entertainment and mobile businesses.
Consulte Mais informação »
How AT&T, Disney and Comcast are handling the move from pay TV to streamingThe pricing and roll-out strategies of streaming services are linked to how much media companies have to gain, or lose, if consumers start relying on streaming video in lieu of cable TV.
Consulte Mais informação »
AT&T Reacts to Activist Investor: Will Review Assets, Board Changes, CEO to Stay Through at Least 2020The telecom giant also reports its latest financials and operating trends, including more subscriber losses at DirecTV Now and DirecTV.
Consulte Mais informação »
AT&T's stock surges after profit beat, capital allocation plans offset revenue missShares of AT&T Inc. surged 1.9% in premarket trading Monday, after the media and communications giant beat third-quarter profit expectations and provided...
Consulte Mais informação »