Wireless Pricing Wars Take A Bite Out Of AT&T
Summary AT&T results are starting to struggle as the domestic pricing war unfolds. The company reported lower earnings over the prior year, and missed analyst estimates. The high dividend yield is not attractive enough to overcome the domestic pricing pressures. In what shouldn't be a huge surprise to investors considering the pricing wars in the domestic wireless market amplified by Sprint back in August, AT&T (NYSE: T ) reported Q314 earnings that missed analyst estimates. The domestic telecom giant faces a wireless market where Sprint (NYSE: S ) and T-Mobile (NYSE: TMUS ) are suddenly battling for subscribers via aggressive pricing plans. Read full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer for more details.