AT&T Reports Strong Earnings, Says U-verse TV Service Is Finally Gaining Traction - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

AT&T Reports Strong Earnings, Says U-verse TV Service Is Finally Gaining Traction

AT&T said its net income was $2.8 billion for the quarter, up from $1.4 billion a year ago, an indication that its $86 billion acquisition of BellSouth is proceeding smoothly.

AT&T reported Tuesday that its U-verse TV service, which had been hampered by startup difficulties, is now adding 2,000 users a week. The status report on U-verse was disclosed in AT&T's first-quarter financial report.

AT&T and its former Bell sibling, Verizon Communications, have been struggling to roll out TV services over fiber optic lines to compete with cable companies, which have been poaching on their telephone service.

"At the end of the first quarter, AT&T had 13,000 U-verse video subscribers, up from 3,000 three months earlier," AT&T said. "By mid-April, U-verse installations had ramped to approximately 2,000 per week, and as of April 24, U-verse subscribers in service had reached approximately 20,000."

AT&T also supplies TV via partners DirecTV Group and EchoStar Communications, but U-verse is expected to be AT&T's TV mainstay in the future.

AT&T said its net income was $2.8 billion for the quarter, up from $1.4 billion a year ago, an indication that its $86 billion acquisition of BellSouth is proceeding smoothly.

The firm, the largest telecommunications company in the world, also reported substantial subscriber gains in its Cingular Wireless operation, adding 1.2 million to bring its total customer base to 62.2 million.

"In the first full quarter following our acquisition of BellSouth, we kept our focus on customers and grew the business," said Edward E. Whitacre Jr., AT&T chairman and CEO, in a statement. "Wireless service revenues increased at a double-digit pace. In enterprise, we're winning contracts and expanding our capabilities."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Commentary
Preparing for the Upcoming Quantum Computing Revolution
John Edwards, Technology Journalist & Author,  6/3/2021
News
How SolarWinds Changed Cybersecurity Leadership's Priorities
Jessica Davis, Senior Editor, Enterprise Apps,  5/26/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll