AT&T subscriber growth weak without iPhone exclusive

Reuters News
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Posted: Apr 20, 2011 8:13 AM

NEW YORK (Reuters) - AT&T Inc <T.N> posted weak subscriber growth in the first quarter as it gave up exclusive U.S. rights to sell the Apple Inc <AAPL.O> iPhone.

The No. 2 U.S. mobile service provider said earnings rose to $3.4 billion, or 57 cents a share, from $2.5 billion, or 41 cents per share, a year earlier. Revenue rose 2.3 percent to $31.2 billion.

(Reporting by Sinead Carew; editing by Lisa Von Ahn)