The second largest mobile operator in the US, AT&T this week announced fourth quarter earnings, posting net income of $2.44 billion, which is lower than the $4.01 billion it registered during the same period a year-ago. With the performance, AT&T projects the Capital expenditures for the year to be more or less the same as last year where it spent close to $22.4 billion.
For the quarter, AT&T registered 2.8 million North American wireless net adds. In the US alone, AT&T added 1.1 million wireless customers but lost 67,000 in the postpaid segment. It also saw more than 200,000 paid net adds for its newly launched DIRECTV NOW OTT streaming service.
Randall Stephenson, AT&T Chairman and CEO said that, “We launched DIRECTV NOW, our innovative over-the-top streaming service. Our 5G evolution plans and improved spectrum position are paving the way for the next-generation of super-fast mobile and fixed networks. And we shook-up the industry with our landscape-changing deal to acquire Time Warner, the logical next step in our strategy to bring together world-class content with best-in-class distribution which will drive innovation and more choice for consumers.
