AT&T Mobility had a strong Q4, adding a net 780,000...
AT&T Mobility had a strong Q4, adding a net 780,000 subscribers to its network and selling a record number of smartphones -- but its parent company still lost $3.9 billion for the quarter due to changes in the value of…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
its pension plan. But AT&T’s quarterly loss was better than its results for the same period in 2011, when the telco lost $6.7 billion. In addition to the pension plan valuation, AT&T said late Thursday it attributed the loss to the sale of its advertising units and Superstorm Sandy. AT&T said its revenue for the quarter was $32.6 billion. AT&T Mobility said it sold 10.2 million smartphones during the quarter, including 8.6 million iPhones. The quarter was also a strong one for the carrier’s tiered and shared data plans; 6.6 million of its subscribers are on its “Mobile Share” shared data plans, while 31.7 million subscribers -- two-thirds of those on smartphones -- are on some kind of tiered data plan. More than 25 percent of subscribers on the shared data plans are using the highest data tier of 10 gigabytes and above per month, AT&T said. The company also reported gains for its U-verse services -- it added a net 192,000 subscribers to the U-verse TV service and a net 609,000 to its U-verse Internet service (http://xrl.us/bocb28).