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 1.01% in 2Q15 and second-lowest ever in U.S.
- Mexico: 780k branded net adds to reach about 10 million subscribers
For much more, be sure to check out AT&T's full earnings release (opens in new tab).
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Very profitable. Now time to increase your data plans and reduce the monthly prices.
That's like asking Apple to increase their specs and lower the hardware pricing. Not going to happen...
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