AT&T Expects DirecTV Deal To Close This Quarter, CFO Says
AT&T expects to close its buy of DirecTV this quarter and its purchase of Nextel’s wireless properties in Mexico should also be wrapped up “shortly,” AT&T Chief Financial Officer John Stephens said Wednesday during an earnings call. Stephens declined to…
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detail why the carrier believes the DirecTV deal will soon close. On the Mexican deal, the remaining hurdle is sign-off from Mexican regulators, he said. AT&T reported 61 cents diluted earnings per share in Q1, compared with 70 cents in the year-ago quarter. Revenue was $32.6 billion, up 0.3 percent vs. the year-earlier period, and up 1.2 percent after adjusting for the sale of Connecticut wireline properties, AT&T said. AT&T reported 1.2 million total wireless net adds, including 441,000 postpaid adds and 684,000 connected cars. Churn came in at 1.02 percent for post-paid subscribers, which Stephens said was the lowest rate ever for AT&T despite a “noisy” environment in the wireless market.