AT&T's Q1 2015 earnings results saw solid performance with strong wireless net adds with lowest first-quarter postpaid churn. AT&T's consolidated revenues totaled $32.6 billion, which included a marginal 1.8% increase in wireless revenue and a 1.2% decline in wireline revenue.
During the quarter, the Operator continued to reposition its wireless postpaid smartphone market with no-device-subsidy - AT&T Next and Mobile Share Value plans, while also expanding growth opportunities in areas such as tablets and connected devices. AT&T posted a net increase in total wireless subscribers of 1.2 million, led by gains in postpaid and connected devices. The 2nd largest operator in the US added 441,000 postpaid subscribers and had 945,000 connected device net adds, including 684,000 connected cars.
According to AT&T, Mobile Share accounts increased 72 percent year over year, which represent more than 70 percent of postpaid base, of which 20 percent of the accounts are 15 GBs or larger. The growth in the mobile share plans however, saw a reduction of 3.7% in the operator's service revenues.
Randall Stephenson, AT&T chairman and CEO
The first quarter was a significant step in a transformative year for AT&T. The repositioning of our wireless customer base to no-device-subsidy plans drove industry-leading postpaid churn. IP technologies continue to transform our wireline operations, expand our broadband base and drive strong demand for strategic business services. Plus, we established a good foothold in the Mexican wireless market with our acquisition of Iusacell and we are on track to close our acquisition of Nextel’s Mexico operations shortly.
