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iPhone 6, Low Churn to Drive AT&T’s Q3 Numbers

In an earnings preview, AT&T‘s chief strategy officer says his company expects plenty to crow about when it releases its third-quarter report next month.

Speaking at an investor conference, CSO John Stankey said he anticipates that churn numbers will be low despite the increasing competition for customers among the big four wireless carriers. He also predicted a big finish to the quarter as Apple’s new iPhones go on sale on Friday.

“We think we’ll do just fine in this refresh on the Apple device,” said Stankey, referring to Apple’s new iPhone 6 and 6 Plus. “We’re not the victim in the quarter,” said Stankey.

Stankey was probably referring to rival Sprint as the “victim.” The Overland Park, Kansas-based carrier has struggled to keep its customer base as AT&T, Verizon and T-Mobile have all steadily increased theirs in the past several quarters. Sprint hopes less expensive pricing plans will turn its fortunes around.

On another topic, Stankey wouldn’t comment on reports this week that AT&T is a potential buyer for America Movil’s assets in eastern Mexico, but in terms of expansion in Latin America overall, the carrier “wouldn’t rule anything out,” saying “I think we would be asleep at the wheel and we are not historically known to do that.”

AT&T is still waiting on approval for its proposed $48.5 billion acquisition of DirecTV.


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