Jan 22, 2014 10:45 AM EST
AT&T Inc. reported strong third-quarter results in revenue and earnings growth driven by mobile and IP data, U-verse and strategic business services. Point-of-Sale and M2M customers which have migrated to AT&T’s IP and wireless services accounted for strategic business services revenues of 15.7 percent. “We’re setting the standard for 4G LTE speeds and network reliability. Our fiber and U-verse expansion projects are ahead of schedule bringing high-speed broadband to millions more customers,” said Randall Stephenson, AT&T chairman and CEO. “With these initiatives, we’re seeing excellent growth across our major platforms — mobility, U-verse and strategic business services.” Strategic Business Service revenues now equate to nearly 25 percent of AT&T’s revenue.
Google / Fortune
U-verse had its first billion-dollar revenue month during third quarter. There were close to 60 percent of U-verse broadband subscribers which signed up for plans delivering speeds up to 12 Mbps or higher. More than 90 percent of new U-verse TV customers were signed up for U-verse high speed Internet. The U-verse TV penetration of customer locations continues to grow and expand.
The company also reported record business IP broadband gains of 97,000 Integrated sales. The GE machine-to-machine connected devices, highly secure wireless network and cloud and Delta Air Lines mobile devices to support point-of-sale applications were the majority of consumer purchases. Nearly 1 million new subscribers were reported. A total of 178,000 smartphones were also added with its smartphone base increased 1.2 million in the quarter and postpaid tablets were up by 388,000; the largest gain of any carrier.
AT&T’s Project VIP-related LTE deployment now covers nearly 250 million POPs in more than 435 markets with the nation’s fastest, and now most reliable, 4G LTE network, according to independent third-party data. The company’s LTE network is forecasted to cover nearly 270 million POPs by year-end 2013 and to be completed by summer of 2014.
AT&T’s Project VIP is a three-year investment plan which launched last fall to expand and enhance its IP broadband networks. AT&T is focused on supporting its customers’ demand of high-speed Internet access and new mobile, app and cloud-based services. AT&T plans to add more than 10,000 macro cell sites nationwide by year-end 2015 through the project. AT&T’s innovation aims to offer the best deliver mobile Internet experiences by embracing additional connection technologies.
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