DIRECTV (DTV) Slumps on Call; Says Teleco Partnership Subs Declining, Sees Growth in LatAm

August 2, 2012 2:44 PM EDT
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DIRECTV (Nasdaq: DTV) shares are dipping Thursday as the company's conference call is starting.

Though its ongoing, DIRECTV said customers from telecom partnerships are declining and churn was higher this year due to Viacom (Nasdaq: VIAB). The satellite TV provider sees growth in LatAm, by 25 percent to 30 percent in 2012.

Shares are down about 3 percent on higher volume. The call is currently ongoing.

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