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Title: AT&T reports Q2 2016 earnings with $40.5 billion in revenue, 2.1 million wireless net adds Post by: HCK on July 23, 2016, 04:05:21 pm AT&T reports Q2 2016 earnings with $40.5 billion in revenue, 2.1 million wireless net adds
AT&T has reported its earnings for the second quarter of 2016, noting a solid bump in both consolidated revenues and wireless net adds over this time a year ago. In total, AT&T says that consolidated revenues were up to $40.5 billion for the quarter, which is an increase of 22% over the same period a year ago. Concerning the wireless market specifically, AT&T says that it saw a total of 2.1 million wireless net adds total. 1.4 million of those net adds came from the U.S. alone, while Mexico contributed 780,000. According to AT&T, this quarter also saw the company's second-lowest churn on record at 0.97%. Here are the highlights: 2.1 million wireless net adds driven by connected devices, Mexico and Cricket U.S. net adds of 1.4M; including 257k postpaid and 365k prepaid 185k U.S. branded (postpaid and prepaid) phone net adds Nearly 800k branded smartphones added to the U.S. base, offsetting ~600k branded feature phone decline Postpaid churn of 0.97%, down from 1.0... Source: AT&T reports Q2 2016 earnings with $40.5 billion in revenue, 2.1 million wireless net adds (http://feedproxy.google.com/~r/TheIphoneBlog/~3/Di-AwkDkU2c/att-reports-q2-2016-earnings-405-billion-revenue-21-million-wireless-net-adds) |