(Reuters) – AT&T Inc (T.N) on Wednesday beat Wall Street estimates for net wireless subscribers who pay a monthly bill as it ground out some growth in a saturated market and continued to bundle media content from Time Warner into new wireless plans.
But the telecoms giant lost more premium TV subscribers than the previous quarter as pay-TV providers struggle to keep customers as viewers move to streaming services like Netflix Inc (NFLX.O).
AT&T lost 778,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers, much more than the 544,000 losses in the first quarter. The company also lost 168,000 streaming DirecTV Now accounts.
But the second-largest U.S. wireless carrier by subscribers added a net 72,000 phone subscribers, bigger than analysts’ estimates of 27,000 subscribers, according to research firm FactSet…