AT&T Inc. said Friday it doesn’t expect to suffer a “material negative impact” from the end of its exclusive arrangements to carry handsets, including its lucrative deal for Apple Inc.’s iPhone.
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“We do not expect any such terminations to have a material negative impact on our wireless segment income, consolidated operating margin or our cash from operations,” AT&T said in the filing with regulators on Friday.
I’ll take some of whatever they are smoking, please.