AT&T Q3—Strong U-Verse Helps Weak Wireline
By | October 25, 2012
It’s the same story again: AT&T’s U-Verse remained the growth engine for consumer wireline in 3Q as wireline providers overall are hurt by cutting the phone cord. The telco added 198K U-Verse video subs, 30K better than consensus and 43K better than 2Q numbers. U-Verse is now a $9.5bln annualized revenue stream, growing at more than 38% YOY, CFO John Stephens said on a conference call Wed. Thanks to U-Verse, the company’s ahead of its forecasts for consumer wireline revenue and still expects stable wireline margins even in a challenging economy, he said. Continue reading for comments from Bernstein Research analysts.
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