AT&T reports strong customer growth in Q2

Nieuws Algemeen Verenigde Staten 7 JUN 2013
AT&T reports strong customer growth in Q2
AT&T reported strong customer additions in the second quarter. At a meeting with analysts the US operator said it saw stronger U-verse broadband and TV subscriber growth versus the year-earlier quarter and added a net 500,000 postpaid mobile customers in the quarter. The mobile growth was attributed to several successful promotions in the quarter, which drove strong sales, higher gross adds and smartphone upgrade rates similar to the first quarter. 

As a result, the company expects second-quarter mobile EBITDA margins to be comparable to the first quarter. However, given the strong customer additions and investments in new growth opportunities, margins are expected to be down on an annual basis. AT&T also reiterated its full-year 2013 guidance provided in January, which included full-year revenue growth exceeding 2 percent.  

AT&T also reported strong free cash flow and an additional USD 1 billion in cash proceeds from a YP Holdings distribution (around USD 500 million) and from the sale of America Movil shares (around USD 550 million). AT&T confirmed it still holds around 9 percent in America Movil. 

AT&T will report its full second-quarter results on 23 July.

Categories:

Algemeen

Companies:

America Movil

Countries:

Verenigde Staten

Tags:

Voice services, Data services, Financial figures, Internet Access

Related Articles

VERENIGDE STATEN 24 JUL 2013

AT&T operating profit down on smartphone costs

AT&T reported second-quarter sales up 1.6 percent from a year earlier to USD 32.1 billion. Growth in mobile and consumer wireline services was offset by the sale of its Advertising Solutions business unit. Operating profit fell to USD 6.1 billion from USD 6.8 billion, and net profit dropped to USD 3.8 billion or 71 cents a share, from USD 3.9 billion or 66 cents a share a year ago. Capex reached USD 5.5 billion in the quarter, leaving operating cash flow of USD 4.0 billion. Mobile service revenue was up 4.1

VERENIGDE STATEN 11 JUN 2013

AT&T provides connectivity for 2013 Bonnaroo Music Festival

As the exclusive communications partner for the 2013 Bonnaroo Music Festival in Manchester, Tennessee, AT&T has installed two MegaCOWs (Cell Sites on Wheels), three COWs, six CARTs (Compact A/C Radio Telephone Sites) and four, five-beam multi-beam antennas that will enhance its LTE network already deployed in the area. Mobile cell sites, covering several musical stage, will provide additional wireless coverage and capacity. In addition to network preparations for Bonaroo, AT&T is the premiere sponsor of the

VERENIGDE STATEN 10 JUN 2013

AT&T to eliminate affordable data plans for GoPhone users

AT&T has confirmed to CNET that it is eliminating a few of its more affordable data plan options on 20 June 2013. A company representative said that new plans would emerge in the coming weeks, but didn't specify whether there would be a more budget-friendly option, noting that there would be a "variety of plans." "We're making some changes to our AT&T GoPhone prepaid plans to simplify our offers and better align with what customers are choosing and telling us what they want," the company said in a statement

VERENIGDE STATEN 10 JUN 2013

AT&T makes change to upgrade eligibility

AT&T has announced a 24-month upgrade policy across all of its wireless products and services. This aligns device upgrade eligibility with the company's standard two-year wireless agreement and it applies to any customer whose agreement expires in March 2014 or later. AT&T will continue to offer upgrade options including: the ability to purchase a subsidised device with a new two-year wireless agreement, share an upgrade, early upgrades, trade-in, purchase a device and full retail price and bring your own d

VERENIGDE STATEN 7 JUN 2013

AT&T expands LTE in even more areas

AT&T has announced it has expanded its LTE network in additional areas including, Forest City, and Batesville, Arkansas, Colorado Springs, Colorado, Clewiston, Florida, Idaho Falls and Pocatello, Idaho, Columbus and Fort Wayne, Indiana, Muskegon, Michigan, Miami, Oklahoma, Farmington, New Mexico, Wooster, Ohio, Vineland, New Jersey, Williamsport, Pennsylvania, Texarkana, Arkansas, Heber, Utah, and Olympia and Spokane, Washington.

VERENIGDE STATEN 7 JUN 2013

AT&T improves wireless coverage for Circuit of The Americas

As part of its continuing network investment to support growing demand for wireless devices and services, AT&T has improved its mobile internet coverage at the Circuit of The Americas by completing the installation of a new LTE-capable Distributed Antenna System (DAS). A DAS installation consists of multiple antennas that distribute AT&T's wireless network coverage throughout the Circuit of The Americas, providing more efficient management of wireless capacity in heavily-trafficked areas. The additional cap

VERENIGDE STATEN 6 JUN 2013

AT&T mulls joint bid for Hulu with Chernin Group - report

AT&T is in discussions with the Chernin Group about mounting a joint bid to acquire the Hulu premium video site, according to AllThingsD citing a source close to the operator. Sources close to the owners have speculated recently that they expected more joint efforts in the sale of the unit, which is owned by News Corp, Disney and Comcast. Already, several major players from various sides have expressed interest in Hulu since its owners decided to put it back on the block. Among the bidders: Yahoo, DirecTV,

LATIJNS-AMERIKA EN HET CARIBISCH GEBIED 6 JUN 2013

AT&T reduces stake in America Movil

AT&T has reduced its stake in Latin American carrier America Movil. According to a SEC filing, AT&T sold 540 million shares in America Movil in the open market in May and early June. The company said in a statement to Bloomberg that the share sale is part of efforts to maintain its stake at about 9 percent and compensate for America Movil's recent share buyback programme. The sale of the shares is worth about USD 564 million.

VERENIGDE STATEN 6 JUN 2013

AT&T sees little impact from ITC ruling

AT&T said it expects to see little if any impact on its sales from the ITC ban on certain older models of iPhone and iPad. The operator said in a statement that Apple's iPhone 4 and iPad 2 remain available in AT&T retail and online channels, and if needed, AT&T can order additional devices to meet customer demand. Imports of the devices were earlier blocked by an ITC ruling that found Apple infringed certain patented technology held by Samsung. The older Apple devices have seen strong sales in recent quarte

VERENIGDE STATEN 27 MAY 2013

AT&T adds new admin fee to mobile contracts

AT&T has added a new monthly administrative fee of 61 cents to the bills of all of its contract mobile lines as of 01 May, the Wall Street Journal reports. An AT&T spokeswoman stressed the similar practices of other carriers, noting that customers were given 30 days notice about the fee and its details are included on every bill. The fee covers "certain expenses, such as interconnection and cell-site rents and maintenance." The new AT&T fee goes on top of a "regulatory cost recovery charge" that averages ab

VERENIGDE STATEN 9 MAY 2013

AT&T launches Aio Wireless no-contract brand

AT&T has launched a new mobile brand called Aio Wireless in an attempt to compete with the growing number of 'unlimited' no-contract offers on the US market. Aio will roll out in multiple markets across the US over the next year, with an initial launch in Houston, Orlando and Tampa. Pronounced "A-O", the brand name is based on Aio's brand promise of "simply, delightfully, more", according to the company. Customers will be able to choose from three price plans, each with unlimited voice and text and data at

VERENIGDE STATEN 24 APR 2013

AT&T revenue growth slows in Q1

AT&T reported first-quarter revenues down 1.5 percent to USD 31.4 billion, while EPS improved to USD 0.67 from USD 0.60 a year earlier. The results were impacted by the sale of its Advertising Solutions units; excluding this, EPS rose 8.5 percent to USD 0.64 and revenues were up 0.9 percent. Operating profit fell to USD 5.9 billion from USD 6.1 billion a year ago, and the margin dropped to 18.9 percent from 19.2. The US operator generated USD 8.2 billion in operating cash flow and spent USD 4.3 billion on c

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.