AT&T Inc., in addition to announcing its $85.4 billion deal to buy Time Warner Inc., reported its third-quarter financial results Saturday, which provided a view into the reasons why the company is seeking to diversify away from the U.S. wireless business. In the U.S., AT&T lost 268,000 mainstream wireless phone customers. Phone additions are considered important because they provide more service revenue than tablets, and...

Source: Wall Street Journal October 23, 2016 02:15 UTC