AT&T forecasts gaining 500K new wireless customers in Q2

The wireless carrier reiterates its full-year guidance for 2 percent growth, though overall margins will decline from a year ago.

AT&T's 4G LTE footprint now covers 261 markets across the United States.

AT&T said Thursday it expects to report improved TV and Internet subscriber growth for its second quarter from the year-ago period.

The wireless carrier expects to record 500,000 new mobile-phone subscribers in the quarter, the company said in statement. While the company expects its second-quarter wireless earnings before interest and taxes to be on par with its first quarter, it said its overall margins will decline from a year ago due to "customer additions and investments in new growth opportunities."

AT&T said it still expects to record revenue growth of 2 percent in 2013, as well as $1 billion in cash proceeds from a YP Holdings distribution and the sale of America Movil.

The full second-quarter 2013 financial results for AT&T are scheduled to be released after market close on July 23.

About the author

Steven Musil is the night news editor at CNET News. Before joining CNET News in 2000, Steven spent 10 years at various Bay Area newspapers.


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