Reuters: Technology News: AT&T expects better results in mobile business in second quarter

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AT&T expects better results in mobile business in second quarter May 15th 2013, 13:24 Tweet Share this Email Print The AT&T logo is pictured by its store in Carlsbad, California, April 22, 2013. Credit: Reuters/Mike Blake Wed May 15, 2013 9:24am EDT (Reuters) - AT&T Inc expects much better results in its wireless business in the second quarter after a weak start to the year, Chief Executive Randall Stephenson said on Wednesday. Last month, the No. 2 U.S. mobile provider reported a net loss of 69,000 cellphone subscribers in the first quarter, sparking fears of a slowdown in the market. But Stephenson said the poor start to the year was something AT&T could improve on. "I don't think we executed very well in the first quarter. It was a bit disappointing to me," he said at an investor conference that was webcast. "You're going to see the second quarter in mobility looking markedly better than the first quarter." However, he also said the company's services for business customers were having a tough time due to economic factors such as weak employment numbers. "Businesses are not investing at a very significant pace," he said. Stephenson said he was interested in expanding AT&T into Europe but suggested this effort was unlikely to involve buying a European telecommunications company. Asked if there were acquisition opportunities in Europe, he replied, "I don't know. It's a difficult place for that sort of thing." (Reporting by Sinead Carew; Editing by John Wallace) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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