The carrier also gained 1.5 million total new wireless customers, increasing its wireless customer base to 133 million, representing a 6.9 million improvement compared to the previous year’s numbers. Moreover, it added 212,000 postpaid subscribers, 304,000 prepaid subscribers, and 1.3 million connected handsets in Q3. AT&T also improved its postpaid customer turnover rate from 1.16 percent in Q3 2015 to 1.05 percent in Q3 2016.
AT&T was also able to post continuing sales of smartphones for the third quarter, logging 7 million branded smartphone gross additions and upgrades in the three-month period, with 1.9 million of those consisting of prepaid smartphones. According to the wireless carrier, 83 percent of all of its postpaid smartphone gross adds and upgrades opted to avail of its Next equipment installment plans. The company also revealed that it had registered 595,000 BYOD (bring your own device) gross additions, its second best ever.
As far as revenues are concerned, AT&T posted an overall revenue of $40.9 billion, which is up 4.6 percent, with net income attributable to AT&T increasing 11.2 percent. Cash from operations for the most recent quarter amounted to $11 billion.
Although AT&T was supposed to release its latest quarterly financials this coming Tuesday, the company decided to publish them in advance, most likely in conjunction with the announcement that the carrier is looking to acquire Time Warner for a sum of $85.4 billion. If this deal is given a green light by regulators, it would basically mean AT&T gaining ownership of Time Warner’s content, which includes CNN, Warner Bros, HBO, TNT, and TBS.
Source: Fierce Wireless