AT&T Inc.’s focus on unlimited data plans appears to have hurt first-quarter results more than previously expected, said analyst Jeffrey Kvaal at Instinet, who responded by trimming his stock price target and his 2017 earnings forecasts. Kvaal said the elimination of overage fees, combined with more promotional activity, has lowered the average-revenue-per-user (ARPU) trajectory for ...
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March 31, 2017 at 07:11PM
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