Rising capex: A file picture showing people walk past the AT&T store in New York’s Times Square. The US wireless carrier said it expected capital expenditure to rise to about US21bil - Reuters
NEW YORK: AT&T Inc said it expected revenue, earnings and free cash flow to grow through 2018 but sees higher capital expenditure following its DirecTV purchase and investments in Mexico.
AT&T shares fell about 3% to $33.63 in afternoon trading.At Tuesday's close of US$34.65, they had risen 3.2% this year.
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