Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

AT&T Says 338,000 Customers Stopped Paying Phone Bill During Pandemic 

Courtesy of ZeroHedge View original post here.

AT&T Inc., for the first time, disclosed how many customers stopped paying their phone bill because of economic hardships related to the virus-induced recession, reported Bloomberg

The company said 338,000 regular mobile-phone subscribers stopped paying in the second quarter; an additional 159,000 broadband customers and 91,000 TV subscribers stopped paying as well. 

"We're actively contacting, working with and trying to retain these customers and certainly, we haven't given up on them and they haven't given up on us," CEO John Stankey said during an earnings call Thursday.

AT&T, Verizon, and T-Mobile, along with top cable providers, such as Comcast, Charter Spectrum, and Cox Communications, signed an agreement in March with the Federal Communications Commission to keep Americans who couldn't afford to pay connected during the pandemic. 

AT&T has said it wouldn't end service or charge late fees so long as customers notify service representatives about their inability to pay. 

What this all suggests is that the virus-induced recession has economically scarred the average American. So far, AT&T is the only communications company we've seen to release such numbers. We fear the numbers are even greater if other communication companies release similar statistics.

If Americans can't pay their phone bill, then how can there be a V-shaped recovery


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!