Cheaper Wireless Plans Cut Into At&t 2q Profit

NEW YORK (AP) — AT&T Inc. on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. On a conference call with analysts, executives defended the new Next and Mobile Share Value plans, saying they boosted the number of new customers to the highest level in five years. AT&T, the second-largest cellphone company, is dueling with No.

Topics:  york ap     at&t inc   mobile share value   at&t   at&t    t-mobile us   cheaper   plans   cut   pricing   cellphone   
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