AT&T CFO: Wireless still hit by lost roaming revenues

AT&T’s business has remained resilient overall, but less international travel due to the COVID-19 pandemic continues to drag down roaming revenues in its wireless segment, according to finance chief John Stephens.

“Wireless has been hit by lower service revenues related to roaming, and specifically international with the downturn in international travel,” Stephens, AT&T CFO, said Wednesday morning speaking at the Bank of America investor conference.

Stephens didn’t share specific figures, but the comments echo the same pressure executives cited during second quarter results, when international roaming negatively impacted mobility but was somewhat offset by higher equipment sales.