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AT&T (T Quote) is feeling the pinch as consumer spending dips amid hotter competition in its core phone business.
The nation's largest telco said it is seeing "softness" in its consumer business, while business services remain stable. The comments came during a presentation by CEO Randall Stephenson at Citi's Media and Technology Conference in Phoenix Tuesday.
The news blindsided investors, who quickly sent AT&T shares down 10%. ...
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