AT&T tumbles as bill payment delays hurt annual cash flow, drags peers


FILE PHOTO The ATampT logo is seen in a store window in the Manhattan borough of New York City New York U.S. January 19 2022.  REUTERSBrendan McDermidFile Photo

FILE PHOTO: The AT&T logo is seen in a store window in the Manhattan borough of New York City, New York, U.S., January 19, 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) -AT&T Inc said some subscribers are taking more time to clear their bills, which partly led the U.S. wireless carrier to cut its annual free cash flow forecast by about $2 billion, sending its shares down as much as 11% on Thursday.

The conservative forecast comes as AT&T joins other companies to prepare for a potential slowdown in consumer spending in the second half of the year against the backdrop of four-decades high inflation in the United States.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In