:AT&T Inc's quarterly revenue and phone subscriber additions beat market expectations on Thursday, on increased demand for its phone and internet service and steady growth for its streaming platform HBO Max.Total revenue was US$39.9 billion in the third quarter, exceeding analysts' average estimate of US$39.14 billion, according to IBES data from Refinitiv.
With a debt pile of US$179.2 billion as of Sept. 30, AT&T too has been under pressure to sell less profitable businesses and spend more on 5G and other wireless services.
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