AT&T's consumer wireless revenue fell 4.6% in the 3rd quarter as more customers moved to AT&T's Mobile Share Value plans. However, the company added more than 490,000 wireless subscribers to bring its total base to 54.8 million, of which 289,000 are new post-paid subscribers.
The announcement saw the Operator reporting the results in a new format that segmented its business into four units -- business services, home Internet and TV, consumer wireless and international.
The second largest mobile operator in the US recorded higher revenues for the third quarter, which totaled $39.1 billion, up nearly 19% versus the year-earlier period largely due to the acquisition of DIRECTV. However, AT&T's 3rd quarter net income reduced slighly to $3.0 billion, compared to net income of $3.1 billion for the same period last year.
In July, AT&T closed its $48.5 billion purchase of DirecTV making it the largest U.S. pay-TV provider.
With our national wireless and video capabilities, as well as our extensive broadband network, we now have assets that make us a unique competitor and the first scaled, fully-integrated U.S. service provider. Our early integration efforts with DIRECTV are going very well and we’ve just begun to scratch the surface on the video, wireless and broadband cross-selling opportunities.
