Thursday, July 25, 2019

AT&T's Entertainment Group Sheds Subs


AT&T's Entertainment Group reported revenues of 11.4 billion US dollars for the second quarter, down 1% year-on-year due to declines in TV subscribers and legacy services. Video revenues fell 1.7% to 8 billion dollars, as declines in premium TV subscribers were only partially offset by the growth of over-the-top revenues. However, IP broadband revenues climbed 6.5% to 2.1 billion dollars, as subscribers shifted to higher-speed services, including AT&T Fiber. Source: AT&T documents 

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