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AT&T grows Q2 revenue 1.4% to USD 33 billion
2015-07-24 08:29:00| Telecompaper Headlines
(Telecompaper) AT&T reported EUR 33 billion of consolidated revenue in the second quarter, up 1.4 percent compared to the second quarter of 2014. This operator's revenue reflects its Mexican acquisitions (Iusacell and Nextel Mexico) and pressure from foreign exchange and its exit from global hubbing. AT&T's Operating income rose by 1.7 percent to USD 5.71 billion, but adjusting for merger and integration-related expenses, it came in at USD 6.5 billion, compared with USD 5.8 billion a year earlier. Net profit declined by 14.2 percent to USD 3.04 billion, corresponding to USD 0.58 per diluted share, compared to USD 3.5 billion and USD 0.68 in the second quarter of 2014. AT&T's wireless segment grew its revenue by 2.1 percent to UDS 18.3 million. Operating income rose 8.2 percent to USD 4.69 billion. The company added 2.1 million mobile customers, including 410,000 postpaid, 331 prepaid and 1 million connected cars, to reach 123.9 million total wireless subscribers and connections at the end of June. In wireline, AT&T's revenue declined by 2.9 percent to USD 14.21 billion and the operating income dropped by 4.1 percent to USD 1.36 billion. Within the total, U-verse revenues grew by 19.2 percent to USD 4.1 billion. Wireline voice connections declined by 652,000 in the second quarter to 23.5 million at the end of June. This includes broadband connections down by 136,000 to 15.96 million and U-verse video connections decreased by 22,000 to 5.97 million. Strategic business service revenue rose by 13 percent to USD 2.7 billion.
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Category:Telecommunications