AT&T’s loss for the quarter was $6.7 billion due to $13.4 billion in one-time charges, including $4.2 billion in charges for ending its bid to acquire rival mobile carrier T-Mobile USA.
AT&T also reported a $6.3 billion charge for its benefit plan costs and $2.9 billion for asset impairments during the quarter. The company had revenue of $32.5 billion for the quarter, up from $31.4 billion for the fourth quarter of 2010.
AT&T announced in December it would charge a $4 billion merger breakup fee during the quarter, after it withdrew its offer to purchase T-Mobile. [read]
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