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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.

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