Bundled packages and the new iPhone boost sales, AT&T's Q3 new wireless user growth exceeds expectations
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AT&T added more wireless users than expected in the third quarter, reaching 405,000, thanks to bundled packages and iPhone promotions. The company encourages customers to choose multiple services by offering discounts, reducing churn. Despite a 7.8% decline in wired business revenue, total revenue grew 1.7% year-on-year to $30.7 billion. AT&T also announced a $23 billion acquisition of wireless spectrum licenses to enhance network capabilities. Adjusted earnings per share were 54 cents, in line with expectations
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