AT&T, the largest US telecommunications group by revenues, reported third-quarter earnings in line with most expectations. Net income fell to $3.62 billion for the July to September period, down from $12.3 billion a year ago when the figures were boosted by a $8.3 billion one-time gain related to the sale of a subsidiary and a tax settlement.

AT&T also reported a prosperous quarter for its IPTV service ‘U-verse TV’, adding 176,000 subscribers in the three months to September to reach 3.6 million.

Three-quarters of its IPTV customers take a triple- or quad-play option, helping to drive a 19.6 per cent annual increase in IP revenues from residential customers and a 2.9 per cent quarterly growth. Average revenue per user for its U-verse tripe-play services reached nearly $170, up 5.7 per cent year-on-year.

Other posts by :

1. Lynk Global requests “experimental” satellite access
2. Safran Space links laser direct to satellite
3. SpaceX fearful of AST SpaceMobile’s potential?
4. Equatys wants 2,800 new satellites
5. FCC eyes freeing up Weird Space Stuff spectrum
6. SES happy with releasing 160MHz of spectrum for 5G
7. Inmarsat “likely to win appeal” over Ligado/AST action
8. FCC seeks fair play over foreign satellite access
9. Bank raises RocketLab target price

Categories: Articles, Business, IPTV, OTT, Results, Telco