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.