Technologies

AT&T Says It Continued to Grow Despite Giving Promotions the Boot

A second carrier warns that there will be fewer wireless deals in the future.

AT&T ended the year with more phone and internet subscribers, according to results from the last fiscal quarter.

The Dallas telecom company reported its earnings on Wednesday, noting 656,000 postpaid net phone additions in the fourth quarter, a metric used by the industry as shorthand for success and dependable revenue. AT&T said it gained customers even though it had less generous phone promotions and deals than its competitors.

Despite inflation and worries surrounding a recession, AT&T CEO John Stankey was cautiously optimistic about the company’s forecast for the year.

«The good news is, I think we’re through the worst of it,» Stankey said on a conference call, though he noted that geopolitical disruption could be a swing factor changing the carrier’s 2023 outlook.

The results come at a time when wireless carriers are tightening their belts through layoffs and pulling back on the kind of promotions and freebies they once offered to lure in new customers. On Tuesday, Verizon also said it was moving away from aggressive promotions even if meant short-term losses. Consumers can expect to see fewer wireless deals going forward.

AT&T also ended the year by surpassing its goal of covering 130 million people with its midband 5G, with the telecom company hitting the 150 million mark. Midband spectrum runs on a frequency of 5G that brings wider coverage and higher speeds to more places. The spectrum was mostly in its C-band frequency range, which AT&T paid $27 billion to acquire in 2021 and started rolling out last year. AT&T wasn’t clear about whether this number includes the 3.45 GHz frequencies of 5G midband that the carrier paid $9.1 billion to acquire a year ago. The carrier set a new target to cover 200 million people with midband 5G by the end of 2023.

AT&T lost 13,000 net prepaid phone subscribers in the last quarter, including customers for AT&T’s Cricket brand that rivals T-Mobile’s Metro and Verizon’s new Total affordable prepaid offerings.

The carrier posted 280,000 broadband fiber net additions, noting that its fiber customers now outnumber customers with older DSL and other internet services. AT&T touched on its Gigapower fiber joint venture with private equity company BlackRock Alternatives, announced just before the end of 2022, which Stankey likened to an opportunity in the early race for wireless phone service. The venture aims to harness government subsidies to deploy multi-gig fiber in new areas to reach 1.5 million customers.

«The possibility to help close the digital divide and focus on access to affordable high-speed internet is a top priority of AT&T,» Stankey said.

The carrier acknowledged that it will have a new offering this year for fixed wireless, an internet frontier that AT&T effectively ceded to Verizon and T-Mobile in the early days of 5G. In the past, AT&T has confirmed it won’t expand into fixed wireless except on rare occasions to meet specific business needs. So long as fixed wireless delivers less bandwidth than fiber, AT&T isn’t excited about it as an alternative to wired broadband, Stankey said, noting any deployment would have a narrow niche where fiber can’t easily reach.

«I don’t see [fixed wireless] place long-term in dense metropolitan areas, and I don’t see it in reasonably well-populated suburban areas,» Stankey said.

AT&T reported revenues of $31.3 billion, which is around the revenue for the same period last year and slightly under the $31.39 billion expected. The carrier reported 61 cents of adjusted earnings per share, which was better than the 57 cents earned per share expected by analysts polled by Yahoo Finance.

At the start of the new year, AT&T expects wireless revenue growth of 4% and broadband revenue growth of 5% through 2023. The carrier noted it expects to spend around the same for capital expenditures this year, which hit a record $24 billion in 2022 due to expanding midband 5G and fiber rollouts.

AT&T’s stock was up a tenth of a percent to $19.18 in after-hours trading.

Technologies

Today’s NYT Mini Crossword Answers for Wednesday, Nov. 26

Here are the answers for The New York Times Mini Crossword for Nov. 26.

Looking for the most recent Mini Crossword answer? Click here for today’s Mini Crossword hints, as well as our daily answers and hints for The New York Times Wordle, Strands, Connections and Connections: Sports Edition puzzles.

Need some help with today’s Mini Crossword? It’s a tough one for a change! Think transit — maybe the kinds some people might take to get home for Thanksgiving. Read on for the answers. And if you could use some hints and guidance for daily solving, check out our Mini Crossword tips.

If you’re looking for today’s Wordle, Connections, Connections: Sports Edition and Strands answers, you can visit CNET’s NYT puzzle hints page.

Read more: Tips and Tricks for Solving The New York Times Mini Crossword

Let’s get to those Mini Crossword clues and answers.

Mini across clues and answers

1A clue: Greyhound, e.g.
Answer: BUS

4A clue: Passenger’s walkway on a 1- or 6-Across
Answer: AISLE

6A clue: The Wolverine to Chicago’s Union Station, e.g.
Answer: TRAIN

7A clue: Barely beat, with «out»
Answer: EDGED

8A clue: «___ out!» (ump’s cry)
Answer: YER

Mini down clues and answers

1D clue: Feathered creature, in kid-speak
Answer: BIRDY

2D clue: Electricity bill calculation
Answer: USAGE

3D clue: More like a fox
Answer: SLIER

4D clue: Past-tense verb that sounds like a number
Answer: ATE

5D clue: Redundant word before «result»
Answer: END

Technologies

iPhone Fold Will Be Creaseless and Cost $2,400, Report Says

Apple’s first foldable could be an expensive one.

The first foldable iPhone could be less than a year away, and reportedly, you won’t ever see a crease. You could, however, see a decent dent in your wallet.

According to a report by Chinese publication UDN, engineers have made «breakthroughs» in creating a «crease-free design» for the iPhone Fold, and the product cycle has now moved past the experimental stage to pre-mass production mode. The Fold reportedly could be launched in September 2026.

Apple did not immediately respond to a request for comment.

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But you’ll pay dearly for the iPhone‘s creaseless screen. Another report by Fubon Research says the iPhone Fold could cost as much as $2,399, which would make it the most expensive foldable phone on the market — higher than the Google Pixel 10 Pro Fold, the Samsung Galaxy Flip 7, Samsung Galaxy Z Fold 7, Motorola Razr Ultra and Motorola Razr, all which range between $700 and $2,000.

More from CNET: A Word of Warning to Apple About the Fold

The reported $2,400 price tag might pack a wallop, but so could the Fold’s possibly game-changing design quality. The market has steadily grown since the first foldable phone was launched in 2018, but no one has yet been able to make one that doesn’t show a crease after several folds. The OnePlus Open has the least visible crease of all the foldables — there’s even a subreddit extolling the virtues of its near-creaseless-ness. But a crease is still a crease.

‘No crease is a hard feat!’

Jessica Naziri, a content creator focused on tech made for women at TechSesh.co, says, «2026 is the year of foldables.»

«We’ve been begging our phones to behave like laptops, and this gets us a lot closer to that reality,» Naziri told CNET. «If Apple is doing it, you know it will be good. Between the iPhone Air and the upcoming foldable, it’s nice to finally see Apple trying new form factors.

Despite the high price, Naziri says consumers will still pony up.

«Obviously, the engineering feat is expected to come with a premium price tag, and people will find a way to save up and pay up,» she said.

Creaseless comes at a cost

The UDN report said that teams from Apple, NewRixing and Amphenol have been collaborating on key component bearings to avoid the iPhone Fold showing creases. Those teams have used high-strength hinge component technology made of liquid metal to improve folding durability, according to the report.

The inner screen is developed by Samsung Display, and the panel structure, material handling and lamination are designed by Apple, the report said. UDN also said that Taiwan-based Hon Hai Technology Group has created a production line where several dozen iPhone Fold devices will be initially manufactured for testing before mass production begins.

The advanced components and design work led to the hefty consumer cost, however. Fubon Research analyst Arthur Liao said the OLED panel, hinge and lightweight internals will help drive up the price of the iPhone Fold. He also said that RAM prices have risen 75% in the past year, and total material cost could go up between 5% and 7% in 2026 because of increased demand for chips, memory and storage.

Technologies

Fubo Loses NBCUniversal Channels, Putting Your NBA Games in Jeopardy

Sound the carriage dispute Klaxon: Some network programming has disappeared from the streaming service after content negotiations fell through.

If you’ve noticed your favorite show has recently gone missing from Fubo, it’s probably because an entire block of programming just disappeared from the site’s channel lineup.

The live TV streaming service is engaged in a carriage dispute with NBCUniversal, a media company whose subsidiaries include NBC News, Universal Studios, Peacock, Telemundo and Illumination, among other brands.

On Nov. 21, NBCUniversal pulled all of its networks from Fubo. This is an especially big deal for sports watchers on the streaming service, since the Fubo Sports subscription — which began earlier this year — depends on the licensing agreement with NBCUniversal. However, viewers can still access sports content on networks like ESPN, CBS and ABC.

Fubo released a statement on Tuesday, alleging the media giant is engaging in «discriminatory tactics» that are harming the streamer’s subscribers.

«NBCU is discriminating against Fubo and our subscribers,» the statement says. «They allowed YouTube TV and Amazon Prime to integrate Peacock directly into their channel store, but refused to give Fubo the same rights.»

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Fubo says NBCUniversal is trying to force a multiyear deal for certain channel packages under the media giant’s new spin-off media company, Versant, and that it’s trying to upcharge on the Fubo Sports subscription by adding «expensive, non-sports channels» into the agreement, increasing the cost.

According to NBCUniversal’s website, the Versant brands include CNBC, E!, MS Now, SyFy and USA, among other channels.

NBCUniversal did not respond to a request for comment.

Fubo says that it’s willing to move forward without NBCUniversal content if an agreement cannot be reached.

«Fubo is committed to bringing its subscribers a premium, competitively-priced live TV streaming experience with the content they love,» its statement concludes. «That includes multiple content options, including a sports-focused service, that can be accessed directly from the Fubo app.»

Fubo recently became an affiliate of The Walt Disney Company, following its merger with Hulu’s live TV platform in October. It’s unclear whether this merger affected content agreement negotiations with NBCUniversal. Fubo did not respond to a request for comment on this.