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AT&T posts net loss of US$4b in Q4

Rate of customer defections rises to 1.22% and average revenue per phone user declines 10.7% from year earlier

AT&T's quarterly loss was partly the result of US$10 billion in charges related to pension and retiree benefit plans that it had announced this month. The company's shares rose about 2 per cent in after-hours trading after closing at US$32.81 on the New York Stock Exchange.

San Francisco

AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.

AT&T shares rose about 2 per cent in after-...

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