AT&T forecast it will achieve consolidated revenue growth of at least 4% in 2014 following a 3.6% rise in revenues in the first quarter - its strongest revenue growth in two years. AT&T generated 32.5 billion dollars in revenues in the quarter and invested 5.8 billion in capex (the equivalent figures for Verizon were 30.8 billion and 4.2 billion).
The U.S. telco said that its wireless revenues rose 7% in the quarter thanks in part to a 50% rise in equipment revenue as AT&T phases out handset subsidies. source: AT&T presentation
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