AT&T estimates charges of $10 billion in fourth quarter
By Reuters
Jan 16, 2015 10:44 PM EST
Regions
AT&T Inc said it expected to record charges of about $10 billion for the fourth quarter but the non-cash losses would not affect operating results.
The biggest U.S. telephone company said it would take a charge of $7.9 billion related to actuarial gains and losses on pension and post-employment benefit plans.
Operating results will also include a $2.1 billion charge, as the company determined that copper assets would not be necessary to support future network activity.
© 2024 VCPOST, All rights reserved. Do not reproduce without permission.
Join the Conversation