AT&T had strong 1Q on wireless installment plans

Published



NEW YORK (AP) — AT&T’s wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades.

Although customers in the installment plan, called Next, aren’t locked into traditional two-year service contracts, they pay the entire cost of phones in installments. As a result, AT&T doesn’t have to pay hundreds of dollars per customer in subsidies. In return, customers can get a new phone as often as every year instead of every other year.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.