The company signed up 884,000 net new phone subscribers who pay a monthly bill in the quarter, in line with its preliminary result of 880,000 released earlier this month.

Investors were also disappointed in AT&T's growth guidance for the communications business, Chaplin said in an email. Jonathan Chaplin, an analyst at New Street Research, wrote in a note on Wednesday that the rate of customer defections at AT&T increased 'materially,' and it remained a question whether the company could sustain its wireless customer growth.

The company will detail its plans to attract new types of wireless customers and how it will refine its brand post-WarnerMedia at a virtual analyst day in March, said AT&T Chief Executive John Stankey, during an earnings call with analysts on Wednesday.ĪT&T will aim to have 'a much more crisp and intense focus,' on its core wireless and internet business, Stankey said.

Jan 26 (Reuters) - AT&T Inc's (T.N) WarnerMedia unit reported solid fourth-quarter revenue growth on Wednesday, helped by new customers for its HBO Max streaming service, but shares of AT&T fell 3% as the market absorbed whether its core wireless business could propel future growth.Īfter facing skepticism from investors over its expensive endeavor to become a media powerhouse, AT&T struck a deal to merge WarnerMedia with Discovery Inc (DISCA.O), which it now expects to close in the second quarter.

Att wireless sales