AT&T wil need more money than anticipated, The Dallas-based telecom giant has been trying to diversify beyond its wireless business, which still accounts for nearly half of its total revenue. It is in the midst of integrating its $49 billion purchase of DirecTV, which made it the biggest pay-TV provider in the U.S. and added operations in Latin America.
In the March quarter, the wireless business lost 363,000 mainstream phone connections. On the video side, the company lost 54,000 U.S. subscribers despite gains at DirecTV, more layoffs in the horizon.