According to first quarter financial report, AT&T celebrated improved postpaid wireless growth with increased integrated device penetration, double-digit increases in Internet and strategic business services.
AT&T’s first-quarter revenues totaled $30.6 billion, net income attributable to AT&T was $3.1 billion, diluted earnings per share totaled $0.53 and cash from operating activities totaled $7.9 billion.
More Than 1.6 Million Apple iPhone 3G Activations. AT&T’s postpaid subscriber growth reflects continued success with iPhone 3G. In the first quarter, AT&T’s iPhone 3G activations totaled more than 1.6 million, more than 40 percent of them for customers who were new to the company. AT&T’s U.S. iPhone exclusive continues to deliver subscribers with ARPUs (average monthly revenues per subscriber) that are approximately 1.6 times higher and churn rates that are significantly lower than the company’s overall postpaid subscriber base.
“These results demonstrate focused and disciplined execution as we work through a tough economy,” said Randall Stephenson, AT&T chairman and chief executive officer. “Our cost-improvement initiatives are on track, earnings and cash flow were solid, our balance sheet and credit metrics continue to be strong.
“Most important, during this down cycle we continue to invest in key growth areas like mobile broadband, more bandwidth to the home through our all-IP AT&T U-verse platform, and advanced global business solutions delivered over AT&T’s premier Internet backbone network. We have good momentum in all of these areas.
"I am particularly pleased with the success of our iPhone 3G initiative, which has driven strong high-end customer growth and delivered financial benefits ahead of our original outlook. Business and consumer expectations for mobility are on the rise, wireless innovation is flourishing and the opportunities ahead are substantial. AT&T is strongly positioned to lead in the next generation of wireless growth.”
AT&T Press Release
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