Boston, MA 02/04/2014 (wallstreetpr) – AT&T Inc. (NYSE:T) in the effort of increasing its market share has launched some of the best prices aimed at families in need of family sized bucket data, unlimited talk and text on the new and reliable 4G LTE network. The move has been necessitated by increased competition from its fierce rivals who continue to acquire more customers. The new package will see family’s share10GB worth of data among on any four smartphone at a price tag of $160 a month which is 20% lower compared to the initial price tag. The new price tag highlights the increased competition in the US Markets with wireless markets seeing an increase in industry players. AT&T has resorted to adding of new customers by doing away with contracts that were perceived extremely lucrative and unnecessary international data fees.
AT&T subscribers
AT&T Inc. (NYSE:T) saw an increase of subscribers for the fourth quarter totaling 566,000 with the major downside lying on the fact that 440,000 of them were only signing for tablets. AT&T has opted to go overboard in a bid to boost its market share in terms of customer subscribers by offering to give customers $100 bill credit for every new line they buy.
Forging forward, AT&T estimates revenue increase for the fourth quarter to be in the margins of 2% and 3% with its earning per share being in the mild single digit range. Despite the decrease in its number of subscribers AT&T posted good profits in the market that stood at the $6.91 billion mark or $ 1.31 earnings per share. T revenues for the quarter grew by 1.8% to hit the $33.16 billion mark this was an improvement compared to analysts’ estimate of 50 cents per share on $33.06 billion of revenue
AT&T Inc. (NYSE:T) traded on a low on Monday closing the day at a low of $31.95 a drop of 4.11%
