AT&T Reports 2.8 Million Wireless Net Adds in Last Quarter
AT&T had 2.8 million wireless net adds in Q4, including 638,000 from Mexico, it said in an earnings report, released after regular U.S. stock markets closed Tuesday. AT&T said it now has 137 million wireless customers worldwide. Postpaid churn was…
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1.18 percent for the quarter, 1.09 percent for the full year. Postpaid smartphone sales dropped 27 percent in Q4. Revenue was $42.1 billion, up 22 percent year-over-year “primarily due” to the DirecTV acquisition, AT&T said. Net earnings attributable to AT&T were $4 billion, compared with a net loss of $4 billion in the year-earlier quarter. Full-year capital investment was $20.7 billion and is likely to climb to about $22 billion this year, AT&T said. “Our DIRECTV integration is going well, and the customer response to our new integrated mobile and entertainment offers is strong,” CEO Randall Stephenson said in a news release. “Throughout this year, we plan to launch a variety of new video entertainment packages that give customers even more choices.” In Mexico, AT&T said it now covers 44 million POPs with LTE and will deploy LTE in the massive Mexico City market in Q2. Stephenson said AT&T’s growth in Mexico is “exceeding all our expectations.”