AT&T shares stumble after rivals T-Mobile, Verizon pick up new subscribers - CNBC
CNBC - Wed 9 Jan 20:49 GMT

AT&T shares stumble after rivals T-Mobile, Verizon pick up new subscribers - CNBC

Shares of AT&T dropped as much as 4 percent Wednesday as two of its telecom rivals reported surges in subscribers.

  Shares of telecom giant AT&T stumbled Wednesday after rivals T-Mobile and Verizon crushed expectations for new subscribers.

  Growth by competitors raises questions about whether AT&T can top expectations, too.

  AT&T's stock fell as much as 4 percent Wednesday and was down about 2 percent as of noon ET.

  Shares are down 19 percent year over year.