Friday, January 27, 2012
AT&T Sees More Growth Ahead
AT&T, the largest telco in the U.S., said its revenue rose 3.6% year-on-year in the fourth quarter to 32.5 billion US dollars, propelled by "strong wireless, IP data and video growth." Total wireless revenues were up 10% year-on-year, lifted by record smartphone sales and subscribers choosing higher-priced plans. AT&T said that more than half of its postpaid base now has a smartphone.
In 2012, AT&T expects its revenues to continue to grow, aided by a return to growth in its wireline business. It forecast that total capex will be flat at around 20 billion dollars. In 2011, AT&T says it launched LTE in 26 cities covering 74 million people and it added "700,000 square miles of 3G mobile broadband coverage." In 2012, it plans to double the population covered by LTE. source: AT&T presentation
Labels: More U.S. telecoms
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