On January 27, AT&T is supposed to report its earnings for the fourth quarter. The company is expected to report a massive amount of charges amounting up to $10 billion as pre-tax losses for the quarter. Most of the losses are related to its pension plans and the retiree benefit schemes amounting to a total of $7.9 billion.
On Friday, AT&T said that the company will see $7.9 billion noncash, pre-tax loss in the fourth quarter, which is connected to a modification done with the assumptions that linked to its pension plan.
The thought, that it is difficult to touch the biggest players in the wireless industry, was true earlier but not anymore. Big players of the industry like AT&T and Verizon are now facing tough competition from smaller rivals like T- Mobile and Sprint.
On Monday, T-Mobile US Inc. the fourth biggest wireless carrier in the U. States came out with its third quarter earnings reports. The company posted a record growth in the number of subscribers for this quarter as a result of huge marketing campaigns.
On Friday, the third biggest wireless carrier, Sprint Corp. announced that the company has planned to reduce 452 jobs in their headquarters which is in Kansas Overland Park.
The carrier says that there are going to be more job trimmings apart from the headquarters which right now are being reviewed.
Today, Telstra the biggest telecom company of Australia reported that its subscriber base for mobile now numbers at 16 million and that the company has added about 1 million new subscribers in the financial year 2013-2014.
Vermont has become one of the first testing grounds for US wireless carrier Sprint's new wireless technology which will help the carrier offer more substantial competition to its bigger rivals, AT&T and Verizon.
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