AT&T adds more wireless subscribers than expected; shares rise


The ATampT logo is seen in a store window as airports around the country are awaiting for Verizon and ATampT to rollout their 5G technology in the Manhattan borough of New York City New York U.S. January 19 2022.  REUTERSBrendan McDermid

The AT&T logo is seen in a store window, as airports around the country are awaiting for Verizon and AT&T to rollout their 5G technology, in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Brendan McDermid

(Reuters) -AT&T Inc's better-than-expected quarterly subscriber additions overshadowed a $25 billion non-cash charge related to the impact of higher interest rates on its businesses and triggered a 6% rise in its shares.

The carrier has used discounts and trade-in offers to lure customers in the highly competitive telecoms market, as it ramps up competition with Verizon and T-Mobile US after shedding its media business last year.

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