AT&T raises annual profit forecast on strong demand for bundled plans

Open this photo in gallery:People walk past an AT&T store in Chicago, Ill., in 2018. The company added 379,000 net monthly bill-paying wireless subscribers in its third quarter. Jonathan Weiss/JetCity Image/iStockPhoto / Getty ImagesAT&T T-N raised its annual adjusted profit forecast on Wednesday after beating quarterly revenue and profit estimates, betting on its service bundles to drive growth and help prevent customers from switching to rivals. About 43 per cent of households signing up for AT&T’s internet services also opt for its wireless plans, helping the company build stickier customer relationships and reduce disconnects as competition intensifies in the U. S. telecom market. AT&T added 379,000 net monthly bill-paying wireless subscribers during the third quarter, largely in line with the 379,300 additions estimated by FactSet. The company now expects annual adjusted profit per share of about US$2.40, compared with its prior forecast of US$2.25 to US$2.35. CPPIB forms joint venture with AT&T, BlackRock’s GIP to expand fibre-optic networkU. S.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. AT&T expects average revenue per fiber customer to extend its third-quarter decline into the fourth, as more customers sign up for discounted bundles, suggesting its subscriber-growth strategy is coming at the cost of lower spending per user. The company’s shares fell 6.5 per cent on Wednesday, while rivals T-Mobile and Verizon dropped about 3 per cent. Bundling broadband plans with wireless services and heavy discounts is seen as a critical move by US telecom carriers as a way to attract and retain customers in a competitive market. About 43 per cent of households signing up for AT&T’s internet services also opted for its wireless plans. CEO John Stankey said AT&T had “every reason to believe that a converged customer that’s sitting on fiber is going to be a sticky and high lifetime value customer.”Latest updates on company news hereThe broader telecom industry is banking on customer loyalty amid concerns that SpaceX’s plans to build a terrestrial wireless network could intensify competition.

Trade WarUpdated: October 21, 2026 at 4:01p.m. EDTPublished: October 21, 2026 at 3:59p.m. EDTAmbassador Pete Hoekstra says the U. S. is ‘closely watching’ potential election interference being committed by Canadian politicians. OTTAWA — The U. S. embassy in Canada has released a list of quotes from Canadian politicians which it says indicate “plans to influence American politics.”Industry Minister Melanie Joly is quoted five times in the list the embassy released today. It includes context-free quotes from Joly about pressuring American businesses and targeting U. S. states, which addressed Canada’s response to American-imposed tariffs. U. S. Ambassador to Canada Pete Hoekstra speaks during a fireside chat at the SpaceBound 2026 Conference in Gatineau, Que., on Tuesday, Oct. 20, 2026. THE CANADIAN PRESS/Keito Newman U. S. Ambassador to Canada Pete Hoekstra speaks during a fireside chat at the SpaceBound 2026 Conference in Gatineau, Que., on Tuesday, Oct. 20, 2026.

A New Mexico judge ruled Wednesday that Meta must pay US$25 billion to the state after a jury found last month that the social media giant had deceived users in a case related to the Cambridge Analytica scandal, according to media reports. The penalty comes a couple of months after Meta agreed to pay $18 billion to settle claims brought by 48 other states, including allegations tied to Cambridge Analytica. Cambridge Analytica was a political consulting firm found to have improperly harvested personal data from millions of Facebook users for targeted political advertising, notably during the 2016 U. S. presidential election. Cambridge Analytica offices in London, England Building in central London that contains Cambridge Analytica offices, seen on March 23, 2018. (Alastair Grant / AP) Revelations at the time showed that the firm had obtained data gathered through a personality quiz app called “thisisyourdigitallife,” which was installed by about 270,000 users but also collected information on their friends. In total, the app reached roughly 87 million Facebook users worldwide.

You’re looking at Canada’s first robotic roof truss manufacturing line, and it is located in Huron County, Ont. “The robotics go slower than human beings, but they’re consistent,” said the Founder and President of Atlas Engineered Products, Hadi Abassi. Abassi bought Clinton Truss in 2018, with the idea of revolutionizing how roof trusses were built in Canada. Two years ago, he started construction of this $20 million facility in Vanastra, Ont., to robotically manufacture roof trusses, streamlining the production process from start to finish. “And not just trusses. We have the same system, and same vision for the component construction, for the walls section and floor sections,” said Abassi. With 10 factories across Canada, Abassi aims to build homes piece by piece, and deliver them to construction sites across North America, speeding up the on-site home construction process. Atlas Engineered Products Atlas Engineered Products unveils Canada’s first robotic roof truss manufacturing line, located in Vanastra, Ont. on Oct. 21, 2026. (Scott Miller/CTV News London) “We will take a set of plans. We will break it out. We build it like a jigsaw puzzle. Very simple puzzle.

Former U. S. president Bill Clinton considers Mark Carney a longtime friend and called the prime minister “about the most well qualified leader in the world.”Clinton made the remarks Tuesday evening during a campaign event in Florida for David Jolly, the Democratic nominee for governor. How to set CTV News as your preferred source on Google“I’m tired of treating our allies like they’re dirt,” he said, a reference to recent rhetoric from U. S. President Donald Trump against Canada. “The prime minster of Canada has been a friend of mine for a long time … He’s about the most well-qualified leader in the world. He’s been head of the (central) bank both in the U. K. and Canada,” said Clinton. “And we have the gall to suggest that they should become the 51st state?” Election 2026 Florida Former U. S. President Bill Clinton campaigns for Florida Democratic candidate for governor David Jolly, Tuesday, Oct. 20, 2026, in Hollywood, Fla.(AP Photo/Marta Lavandier) Trump has mused about turning Canada into a U. S. state for more than a year and has suggested his administration could use economic force to do so.