AT&T reports Q1 2016 earnings: $forty.5 billion in revenue, provides 2.3 million wireless clients


AT&T has pronounced its income for the fourth fiscal zone of 2016, noting yet some other large bump in consolidated revenues because of its current DirecTV acquisition, along side first rate wi-fi subscriberincrease.
In all, AT&T says that it introduced in consolidated revenues of $forty.5 billion, in Q1, that is up 24%compared to the equal length a 12 months in the past.

at the wi-fi division particularly, AT&T says that it delivered 2.three million clients in North the usa, with 1.eight million added from the U.S. and 529,000 from Mexico. It also said that it had 712,000 branded (postpaid and prepaid) telephone net adds for the zone as properly. Postpaid churn for the regionchanged into 1.10% with a total churn of 1.forty two%. right here are the highlights:

Consolidated revenues up 24%, in large part reflecting DIRECTV acquisition
Adjusted EPS up 10.8%, fourth immediately zone of double-digit increase (above consensus)
amusement organization has robust satellite, IP broadband boom and stepped forward margins
328k satellite tv for pc video adds
greater than 3M wireless subs on unlimited wireless bundled with video
186k IP broadband net adds
2.3 million North American wireless internet adds pushed via related devices, Mexico and Cricket
U.S. net adds of 1.8M; 529k internet adds in Mexico
712k North American branded telephone net adds
Postpaid churn of one.10%
stable home general churn of 1.forty two%;Cricket riding overall pay as you go churn decrease
robust growth in AT&T Mexico with 4G LTE overlaying 51M POPs, on track to reach 75M via EOY

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