AT&T posts $3.9bn quarterly loss despite soaring U-verse revenues

US telco AT&T has posted a substantial net loss for the fourth quarter of 2012 despite a 36% year-on-year increase in revenues from its U-verse services, with analysts ascribing the losses to record sales of smartphones like Apple’s iPhone 5 at a substantial discount.

The company added 192,000 subscribers for its IPTV service ‘U-verse TV’ in the fourth quarter of last year, reaching a total of 4.5mn in service, while its overall customer base for U-verse services reached 8mn by December 2012.

Total revenues across all operations for the fourth quarter of 2012 reached US$ 32.6bn, up 0.2% from one year earlier, while net losses fell from US$ 6.7bn to US$ 3.9bn by the same comparison.

Looking ahead, AT&T plans to spend US$ 21bn in 2013, with much of this destined for its Project Velocity IP (VIP) initiative which will see its high-speed fixed network extended to millions more customers, and continued expansion of its 4G LTE network.

Tags: ,

We welcome reader discussion and request that you please comment using an authentic name. Comments will appear on the live site as soon as they are approved by the moderator (within 24 hours). Spam, promotional and derogatory comments will not be approved

Post your comment

Facebook, Instagram and Sky case study: Game of Thrones

BT at IBC: 'unlocking the power of fibre IPTV'

IP&TV News tries out 4G Broadcast at the FA Cup Final

Thomas Riedl: “Google TV has evolved into Android TV”

Tesco and blinkbox: what went wrong?

Reed Hastings and 2030: is he right?