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AT&T adds nearly 1 million net wireless subscribers in the third quarter

Posted: , by Alan F.

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AT&T adds nearly 1 million net wireless subscribers in the third quarter
AT&T just released its third quarter earnings report and focusing on the wireless side of the business, the carrier brought in $15.5 billion in wireless service revenue which was an increase of 3.7% from last year. Data revenue amounted to $5.5 billion, a hefty 17.6% gain year-over-year. With 989,000 net new subscribers added in the quarter, wireless operating income for the three month period totaled $4.6 billion for a 3.4% gain over last year's total. Postpaid operations added 178,000 smartphone subscribers and 388,000 tablet subscribers. Prepaid added 192,000 subscribers.

AT&T says that 3 out of every 4 postpaid subscribers now totes a smartphone, up from 66% a year ago. 1.2 million new smartphone subscribers were added in the three months. Overall, AT&T sold a record 6.7 million smartphones in the period, which accounted for 89% of the handsets sold to postpaid subscribers. 42% of the carrier's postpaid customers use an LTE powered phone. Including phones with HSPA+ connectivity, 70% of AT&T's postpaid customers now have a 4G phone.

Additionally, 72% of AT&T customers are on a Mobile Share plan or a tiered individual data plan. Churn was down from last year's third quarter, but up sequentially. Postpaid churn was 1.07% while the figure including pre-paid customers was 1.31%. Wireless Operating Income margin was 26.4% in the period.

"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. With these initiatives, we’re seeing excellent growth across our major platforms — mobility, U-verse and strategic business services."-Randall Stephenson, Chairman and CEO, AT&T

source: AT&T

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posted on 23 Oct 2013, 18:52 1

1. papss (unregistered)

Those are insane numbers.. That's what happens when you get all the best phones.

posted on 23 Oct 2013, 18:53 1

2. -box- (Posts: 3991; Member since: 04 Jan 2012)

Most with Lumia 1020s and 520s (I wish).

posted on 23 Oct 2013, 19:18 1

4. ZeroCide (Posts: 785; Member since: 09 Jan 2013)

You never know they could be. Everyone is talking about the 1020

posted on 23 Oct 2013, 19:10

3. darkkjedii (Posts: 24479; Member since: 05 Feb 2011)

Their non LTE 4G sucks big time. I just had to switch to wifi from it.

posted on 24 Oct 2013, 10:01

5. thedarkside (Posts: 654; Member since: 30 Apr 2012)

their dual-layered 4G rocks my socks.

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