Falling Wireless Service Revenues Hit AT&T

AT&T reported a 1% year-on-year increase in revenues on a like-for-like basis to almost 33 billion US dollars for the first quarter of 2015. A 2% rise in wireless revenues (driven by a 36% increase in wireless equipment revenues) was offset by a 1% decline in wireline revenues.

AT&T said that wireless service revenues were down almost 4% to 14.8 billion dollars "reflecting continued customer growth of Mobile Share Value plans partially offset by increased revenues from Cricket." AT&T noted that it added 680,000 connected cars in the quarter. source: AT&T statement