UPDATE 2-AT&T to take $130 mln charge related to voluntary retirement

martes 10 de marzo de 2015 20:57 GYT

(Adds details on customer departures and margins, details on CEO and CFO total compensation)

By Lehar Maan and Malathi Nayak

March 10 (Reuters) - AT&T Inc said it expected to take a charge of about $130 million in the current quarter, related to the voluntary retirement of nearly 3,000 employees by March 31.

The retirements were made under a special offer allowing for lump sum distributions and enhanced payments, the telecom company said in a filing on Tuesday.

In the first quarter ending March, the No. 2 U.S. wireless company said that the rate of customer defections, or churn, is expected to have been lower over the previous year and the previous quarter. Faced with intense competition and promotional activity in the fourth quarter, churn rose to 1.22 percent from a year earlier.

AT&T also said it expected costs related to the acquisition of Mexican wireless company Iusacell to hurt its earnings in the first quarter.

The U.S. company agreed in November to buy Iusacell, Mexico's third-largest wireless operator, for $1.7 billion to grab a slice of a market with lower cellular penetration than the United States and faster potential growth.

AT&T also warned of pressure on its margins, saying it expected margins in both its wireless and wireline businesses to be lower.

The sale of Connecticut wireline properties, the exiting of some low-margin businesses and non-cash changes in benefit expenses are expected to hurt margins in the wireline business, AT&T said.   Continuación...