AT&T revenue, net subscribers beat Street

by Sinead Carew

(Reuters) - AT&T Inc (T.N) posted a higher-than-expected 2.2 percent revenue increase for the second quarter as customer growth improved at the No. 2 U.S. mobile provider in the first full quarter after it lost exclusive U.S. rights to sell Apple Inc (AAPL.O) iPhone.

AT&T, which is seeking approval to buy T-Mobile USA for $39 billion, added 331,000 net subscribers in the quarter compared with the average expectation for 91,000 from seven analysts contacted by Reuters.

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