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At&t Estimates Charges Of $10 Billion In Fourth Quarter


Ron Burgundy
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An AT&T logo and communication equipment is shown on a building in Los Angeles(Reuters) - 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. (Reporting By Arathy S Nair in Bengaluru; Editing by Don Sebastian)




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