AT&T reported a generally good second quarter with net income of $3.4bn. It recorded a total revenue of $40.5bn, which is an 22% increase compared to the same period a year ago, contributed partly by the acquisition of DIRECTV.
The second largest U.S. wireless carrier closed the quarter with 2.1 million wireless net additions that are mainly contributed by connected devices, strong Mexican sales, and its prepaid carrier Cricket. The Operator, however continues to battle in the postpaid segment, losing 180k subscribers during the period, although the number has shrunk significantly compared to the first quarter when the Operator lost 363k customers. In Mexico however, it recorded 780k branded net adds to reach about 10 million subscribers.
According to AT&T, it has also added 800,000 new branded smartphones to its network in the quarter, offsetting ~600k branded feature phone decline.
The Operator's DirectTV satelite TV business meanwhile added 342k net subscribers during the period, but its U-verse IPTV segment saw a net loss of 391k subscribers. With the latest results, AT&T remains the biggest pay-TV operator in the US, ahead of Comcast.
At the same time, AT&T net gain of 54k fiber-based broadband subs failed to offset the loss of 164,000 subscribers in its slowly dying DSL.