By Ben Glickman
AT&T has seen a seasonal uptick in its fiber business despite weaker industry-wide trends.
Chief Financial Officer Pascal Desroches said at the Bank of America Media, Communications and Entertainment Conference that the company was confident in its full-year free cash flow guidance of more than $16 billion and its adjusted Ebitda growth guidance over 3%.
Desroches said that historically low move activity has dampened demand for fiber, but that AT&T is still seeing a seasonal uptick. He also noted that the company's postpaid phone adds are in line with the previous quarter.
The company expects free cash flow of $4.5 billion to $5 billion in the third quarter. Analysts polled by FactSet forecast $4.95 billion.
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(END) Dow Jones Newswires