AT&T INC. (NYSE:T) Files An 8-K Other Events
Item 8.01 Other Events.
noncash, pre-tax loss of approximately $1.0 billion related to
the annual remeasurement of pension and postemployment benefit
plans. At December 31, 2016, we decreased our assumed discount
rates used to measure our pension obligation to 4.4% from 4.6%,
and to 4.3% from 4.5% for our postretirement obligation
generating a loss of approximately $3.0 billion. The loss was
substantially offset by gains related to better than assumed
claims experience, slightly higher than expected asset returns,
demographic changes and mortality and other assumption changes.
Actuarial gains and losses are managed on a total company basis
and are, accordingly, reflected only in consolidated results.
This loss will not affect segment operating results or margins
and will be included as an adjusting item in our fourth-quarter
results.
2016, primarily attributable to:
|
More than 900,000 branded net adds of domestic wireless
subscribers (approximately 500,000 postpaid and 400,000 prepaid), with branded phone net adds of more than 330,000. |
of 2G deactivations, about 50,000 of which were postpaid. At
December 31, 2016, we had approximately 2.3 million remaining
total 2G subscribers and non-voice phone connections, of which
about 100,000 were postpaid. We have discontinued service on
virtually all of our 2G cell sites.
|
More than 1.2 million wireless net adds in Mexico.
|
|
More than 200,000 video net adds, entirely driven by
DIRECTV NOW. This includes only paying customers. |
estimates and other forward-looking statements that are subject
to risks and uncertainties, and actual results may differ
materially. A discussion of factors that may affect future
results is contained in ATT’s filings with the Securities and
Exchange Commission. ATT disclaims any obligation to update or
revise statements contained in this filing based on new
information or otherwise.
About AT&T INC. (NYSE:T)
AT&T Inc. is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment. The Entertainment Group segment provides video, Internet and voice communication services to residential customers in the United States and the United States territories. The Consumer Mobility segment provides wireless service to consumers, and wireless wholesale and resale subscribers located in the United States or in the United States territories. The International segment provides video entertainment services to residential customers in Latin America, and wireless data and voice communication services to consumer and business customers in Mexico. AT&T INC. (NYSE:T) Recent Trading Information
AT&T INC. (NYSE:T) closed its last trading session up +0.20 at 41.00 with 16,693,296 shares trading hands.
