US telecoms giant AT&T Inc has reported consolidated operating revenues of USD44.8 billion for the three months ended 31 March 2019, up 17.8% from USD38.0 billion on an annualised basis. The improved top-line figure was primarily driven by the telco’s acquisition of media and entertainment conglomerate Time Warner, which was completed in June 2018. First quarter operating income increased from USD6.2 billion in 1Q18 to USD7.2 billion in the period under review, while net income attributable to AT&T decreased from USD4.7 billion to USD4.1 billion.
In operational terms, AT&T reported a total of 155.732 million wireless subscribers in its domestic market as of 31 March 2019, broken down as 76.550 million post-paid subscribers, 17.180 million pre-paid users, 7.574 million reseller accounts and 54.428 million connected devices. In terms of fixed broadband connections meanwhile, AT&T claimed 14.454 million users in 1Q19. Elsewhere, AT&T’s ‘International’ segment reported 17.722 million mobile users in Mexico as of end-March, alongside 13.584 million Latin American pay-TV customers.
Randall Stephenson, AT&T chairman and CEO, commented: ‘Our first quarter results show that we’re delivering on what we promised. We’re on plan to meet our de-leveraging goals with strong free cash flow and asset sales. We grew Entertainment Group EBITDA in the quarter and are confident we’ll meet or exceed our full-year target.’