Telecommunications company AT&T has announced its quarterly results, reporting consolidated revenues of $31.4 billion, up 2.1 percent or $653 million from the fourth quarter of 2009.
Here are some of the things that caught my eye:
AT&T reports 9.9 percent growth in wireless revenues, with a 9.6 percent increase in wireless service revenues. In fact, the fourth quarter was the first quarter in the company’s history in which wireless revenues exceeded wireline revenues.
AT&T had a strong tablet quarter, which it refers to as “a new growth area for the company”.
The telecom giant says it added a total of 442,000 iPad and Android-based tablets to its network, and reported that more than 7.4 million postpaid integrated devices were sold in Q4 2010, including 4.1 million iPhone activations.
In case you hadn’t heard, this was AT&T last quarter as the exclusive carrier of iPhone handsets in the United States – Verizon Wireless will begin selling the device next month – so it will be interesting to see how things evolve from here.
AT&T reports that it saw 27.4 percent growth in wireless data revenues, up $1.1 billion versus the fourth quarter of 2009, driven by messaging, Internet access, access to apps and more.
The company posted a net gain in total wireless subscribers of 2.8 million, to reach 95.5 million in service.
For the full year 2010, compared with 2009 results, AT&T’s consolidated revenues totaled $124.3 billion versus $122.5 billion.