AT&T Sees Slow Growth Ahead

AT&T, the largest telco in the U.S., said it expects its consolidated revenues to rise between 2% and 3% in 2014 (before any impact from the planned acquisition of Leap Wireless). In the fourth quarter of 2013, AT&T's revenues rose 1.8% year on year to 33.2 billion dollars - still ahead of faster-growing arch-rival Verizon (31.1 billion dollars). AT&T's growth was driven in large part by rising wireless data revenues, which leapt 16.8%.

AT&T also forecast that its capex will be stable in 2014 at about 21 billion dollars - 16% of the 128.8 billion dollars in revenue it generated in 2013. source: AT&T statement