Advertisement
News
Advertisement

AT & T’s Q1: U-verse ramping, wireless data growing

Tue, 04/22/2008 - 8:40am
Brian Santo

AT&T’s first quarter revenue and profits were both up, fueled by growth in broadband, wireless and business services.

The company grew its total high-speed Internet connections – including DSL, U-verse and satellite broadband services – by 491,000. The company ended the quarter with 14.6 million consumer and business high-speed Internet connections, up 1.8 million compared with the first quarter of 2007.

AT&T reported an accelerated ramp of U-verse TV, with a net subscriber gain of 148,000, to reach a total of 379,000 U-verse TV subscribers. The company said it still expects to exceed one million U-verse subscribers by the end of 2008.

Toss in bundled satellite television service and AT&T’s total TV subscribers grew by 264,000 in the quarter, to reach 2.6 million.

AT&T said that improved growth in broadband and advanced TV services offset losses in traditional voice access lines, resulting in stable revenues.

As for wireless, AT&T added 1.3 million accounts, for a total of 71.3 million. It reported that wireless data revenues grew 57.3 percent compared with last year, to reach $2.3 billion.

Services contributing to that result include Internet access, e-mail, messaging, data access and media bundles. Data now represents 21.5 percent of AT&T’s total wireless service revenues, up from 16 percent in the first quarter of 2007 and 10.9 percent in the first quarter of 2006, AT&T said.

The company tallied $30.7 billion in consolidated revenues, up 6.1 percent from the like period a year ago. Its Q1 net was $3.5 billion, up 21.5 percent compared with $2.8 billion in the year-ago first quarter.

More Broadband Direct:

• Ad Age: Verklin to steer Project Canoe 

• Charter's Fogler, Jay part of company's job cuts 

• AT&T's Q1: U-verse ramping, wireless data growing 

• N.J. sets net privacy standard in case involving Comcast 

• Bankrupt Canadian broadband co. up for bids 

• ACA files comments with FCC regarding pole attachment rate increase 

• Calif. congresswoman introduces free wireless broadband bill 

• Ruckus intros mesh Wi-Fi system 

• Viacom joins forces with 5 studios for new VOD service 

• Broadband Briefs for 4/22/08 

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading