AT&T Reports Third Quarter 2011 Results
The carrier managed to pass the 100 million customers mark
Mobile phone carrier AT&T has just announced it financial results for the third quarter of the ongoing year, and posted an 8.0 percent growth in wireless data revenues, up $857 million when compared to the same quarter a year ago.The wireless carrier managed to add a number of 2.1 million new wireless subscribers in the quarter, which helped it pass the 100 million subscribers mark.
For the company, this is the 11th consecutive quarter during which it posted year-over-year increase in postpaid subscriber ARPU (average monthly revenues per subscriber), now up 1.4 percent to $63.69.
During the third quarter of the ongoing year, the wireless carrier registered consolidated revenues totaled $31.5 billion,
For the quarter ended September 30, 2011, AT&T’s consolidated revenues of $31.5 billion,which were $103 million, or 0.3 percent, lower that during the same quarter of the last year.
AT&T posted net income of $3.6 billion, or $0.61 per diluted share for the time frame, compared to $12.3 billion, or $2.07 per diluted share, reported in the same quarter a year ago.
At the end of the third quarter of the ongoing year, AT&T had a number of 100.7 million subscribes in service, which included a net gain in total wireless subscribers of 2.1 million.
The carrier also announced an increase in smartphone sales, with over 4.8 million devices sold, along with the activation of no less than 2.7 million iPhones.
“Mobile broadband growth continues to be robust, execution was strong across the business, and we delivered another solid quarter,” said Randall Stephenson, AT&T chairman and chief executive officer.
“Smartphones, connected devices and tablets all posted impressive gains. Our first LTE 4G markets are up and running with terrific speeds. And we continue to work toward a successful completion of our planned T-Mobile USA merger.
“The next waves in the mobile Internet revolution represent tremendous growth potential, and we are laying the groundwork required for that future.”