AT&T 2Q15 revenues up 1.4% following Mexican acquisitions

24 Jul 2015

US telecoms giant AT&T Inc has reported consolidated revenues of USD33.015 billion for the three months ended 30 June 2015, up 1.4% from USD32.575 million on an annualised basis. The telco credits the improvement to its dual takeover of Mexican wireless carriers Iusacell and Nextel; the two companies generated combined sales of USD491 million during the quarter under review. Meanwhile, AT&T’s operating income increased from USD5.616 billion in 2Q14 to USD5.712 billion in the most recent quarter, while net income dipped from USD3.621 billion to USD3.146 billion on the back of merger and integration-related expenses.

In operational terms, AT&T reported a total of 123.902 million wireless subscribers as of 30 June, broken down as follows: 76.541 million post-paid users, 10.438 million pre-paid customers, 13.506 million reseller accounts and 23.417 million connected devices. In addition, AT&T closed out the quarter with 23.497 million fixed voice subscribers, 15.961 million broadband customers and 5.971 million ‘U-verse’ IPTV accounts. AT&T’s new ‘International’ segment reported a combined 8.550 million Mexican mobile users as of end-June.

Randall Stephenson, AT&T chairman and CEO, commented: ‘These results reaffirm our transformation strategy. We grew revenues, expanded margins and delivered double-digit adjusted earnings per share (EPS) and cash flow growth. We added more than two million new wireless subscribers as the repositioning of our smartphone base nears completion. We also began expanding high quality, high speed wireless service to Mexican consumers and businesses. This is a pivotal time for us. We look forward to closing DirecTV and building on this momentum by delivering a new TV everywhere experience integrated with mobile and high speed internet service’.

United States, AT&T, Iusacell (inc. Unefon), Nextel de Mexico