Thursday, January 26, 2017
AT&T Forecasts Low Growth in 2017
AT&T forecast its revenues will grow in "the low-single digits" in 2017 following acquisition-fuelled growth of 11.6% in 2016 to 163.8 billion US dollars. In the fourth quarter of 2016, AT&T Mobility revenue fell about 0.5% year-on-year to 18.8 billion dollars, while the entertainment group lifted revenues 1.6% to 13.2 billion dollars. Business solutions revenues fell 1% to 18 billion dollars, while international revenues (mainly Mexico) rose 3.2% to 1.9 billion dollars.
“2016 was a transformational year for AT&T, one in which we made tremendous progress toward our goal of becoming the global leader in telecom, media and technology,” said Randall Stephenson, AT&T Chairman and CEO. “We launched DirectTV Now, our innovative over-the-top streaming service. Our 5G evolution plans and improved spectrum position are paving the way for the next-generation of super-fast mobile and fixed networks. And we shook-up the industry with our landscape-changing deal to acquire Time Warner, the logical next step in our strategy to bring together world-class content with best-in-class distribution which will drive innovation and more choice for consumers." source: AT&T statements
Labels: More U.S. telecoms
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