AT&T forecasts gaining 500K new wireless customers in Q2

AT&T said Thursday it expects to report improved TV and Internet subscriber growth for its second quarter from the year-ago period.

The wireless carrier expects to record 500,000 new mobile-phone subscribers in the quarter, the company said in statement. While the company expects its second-quarter wireless earnings before interest and taxes to be on par with its first quarter, it said its overall margins will decline from a year ago due to “customer additions and investments in new growth opportunities.”

AT&T said it still expects to record revenue growth of 2 percent in 2013, as well as $1 billion in cash proceeds from a YP Holdings distribution and the sale of America Movil.

The full second-quarter 2013 financial results for AT&T are scheduled to be released after market close on July 23.

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