AT&T's Wireless Business Under Pressure

AT&T reported a 1.3% fall in total wireless revenues to 18 billion US dollars in the first quarter, due to decreases in equipment revenue. Wireless service revenues of 14.8 billion dollars were flat year-on-year reflecting continued growth of smartphones and tablets. Total revenues leapt 24% to 40.5 billion dollars primarily due to the acquisition of DIRECTV.  source: AT&T statement