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AT&T reports second quarter profit of $3.8 billion, adds over 2 million wireless and broadband subscribers
AT&T's 2013 second quarter results are in, with the telco reporting $3.8 billion in net profits, a slight decrease from the $3.9 billion earned the same quarter last year. Total revenues for Q2 came in at $32.1 billion, representing a 1.6-percent increase year-over-year. AT&T's attributing much of this gain to a 2 million-plus increase in subscribers -- both on the wireless and wired broadband end -- and an uptick in mobile data plans. Wireless revenue for the quarter, which includes mobile phone and tablet sales, came in at $17.3 billion and accounts for a 5.7-percent boost versus Q2 2012, while revenue for wireless service totaled $15.4 billion. On the data front, the carrier saw significant growth as its revenue jumped nearly 20 percent compared to the same period last year, settling in at $5.4 billion.
Of its new subscriber load, 1.2 million can be attributed to AT&T's wireless business, while its U-Verse broadband and TV service gains -- which now totals 9.4 million subs overall -- account for the remainder of that figure. According to AT&T's estimates, almost three-quarters (73 percent) of its 49.5 million postpaid wireless subscribers are smartphone users, of which nearly 35 percent have active LTE plans. Coverage for that high-speed data service currently reaches over 225 million households, with the carrier targeting a total of 270 million covered by year-end. AT&T anticipates that LTE rollout to be almost entirely complete by summer 2014.
Filed under: Cellphones, Wireless, Mobile, AT&T
Source: AT&T
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