14 DAY TRIAL // On Thursday, wireless carrier AT&T announced its financial results for the third quarter of the ongoing year, and posted a growth in wireless revenues of 11.4 percent, and consolidated revenues from continuing operations of $31.6 billion for the time frame.
The company announced an increase of 2.6 million in total wireless subscribers, as it reached a total number of 92.8 million subscribers in service.
AT&T's third quarter marked a record in wireless volumes, with a number of over 8 million postpaid integrated device sales, and with postpaid subscriber ARPU (average monthly revenues per subscriber) up 2.0 percent to $62.84.
At the same time, the company announced: - 1.32 percent total wireless churn, best-ever third-quarter - 30.5 percent growth in wireless data revenues, up $1.1 billion versus the year-earlier quarter - First year-over-year growth in wireline consumer revenues in more than two years - 30.0 percent growth in consumer IP data revenues, driven by AT&T U-verse expansion - 236,000 net gain in AT&T U-verse TV subscribers to reach 2.7 million in service, with continued high broadband and voice attach rates - 148,000 net gain in wireline broadband connections - 15.4 percent growth in revenues from strategic business services such as Ethernet, Virtual Private Networks (VPNs), hosting and application services
AT&T's consolidated revenues for the three months period ended September 30, 2010, went up $847 million, or 2.8 percent, when compared to the same quarter a year ago, and up $773 million, or 2.5 percent, from the previous quarter.
Q3 net income attributable to AT&T was of $12.3 billion, or 2.08 per diluted share, compared to net income of $3.2 billion, or $0.54 per diluted share, for the third quarter of the previous year.
During the time frame, the carrier activated a number of 5.2 million iPhone devices, marking a new record in quarterly activations, with 24 percent of activations for customers new to AT&T's network.
“This was a terrific mobile broadband quarter,” said Randall Stephenson, AT&T chairman and chief executive officer.
“A record number of customers signed new two-year contracts and integrated device sales outpaced our previous best by a wide margin. Wireless revenues continue to grow, churn is reaching record low levels, and postpaid ARPU increased for the seventh straight quarter.”
“These trends add to our momentum and confidence,” Stephenson said. “Mobile broadband is the industry’s most powerful growth driver, and demand is in its early stages in both the consumer and business segments. AT&T is well positioned for the opportunities ahead.”