AT&T CFO cites weak new customer trends
<p><a href='https://financialmodelingprep.com/financial-summary/T'>AT&T (NYSE:T)</a> experienced a slight decline of more than 1% intra-day today following statements made by the company's CFO, Pascal Descroches, suggesting that AT&T is encountering business trends that are weaker than anticipated, as reported by Bloomberg.</p>
<p>At the Bank of America C-Suite Technology, Media, and Telecommunications Conference, the CFO disclosed that the company's second-quarter addition of new phone customers was around 300,000, which fell considerably short of the anticipated 476,000 additions.</p>
<p>Addressing the rumors surrounding Amazon's potential entry into the mobile phone services market for its Prime members, the CFO commented that the wireless industry lacks incentives to collaborate with the e-commerce giant.</p>

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