Thursday, April 25, 2013
AT&T to Cut Back Capex
AT&T said that its revenues rose 0.9% year-on-year on a like-for-like basis in the first quarter to 31.4 billion US dollars. Total wireless revenues, which include equipment sales, were up 3.4% to 16.7 billion dollars, but total wireline revenues fell 1.8% to 14.7 billion dollars.
“Our wireless network performance continues to be terrific,” said Randall Stephenson, AT&T chairman and CEO. “And that helped drive our best ever first quarter for smartphone sales, improved wireless churn and strong growth in mobile data revenues. We also posted record sales of our U-verse high-speed IP service.
While it continues to expect capital expenditures for 2013 to be about 21 billion dollars, AT&T now expects capital expenditures for 2014 and 2015 each to be about 20 billion dollars, rather than 22 billion. The telco said it is achieving savings through greater integration efficiencies, accelerating LTE build in 2013 and other ongoing initiatives. source: AT&T statement
Labels: More U.S. telecoms
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