It is all in a quarter’s work for the second largest wireless carrier in the United States. AT&T has just published early financial data for the third quarter of 2015 via a filing with Securities and Exchange Commission (SEC), revealing that it has gained over 2 million net new customers over the last three quarters.
Although 2 million net new customers is just a tad less than the 2.1 million customers T-Mobile added during the third quarter of 2015 (as told by T-Mobile chief executive officer John Legere during an investor conference held in September of this year), it is still an impressive gain for AT&T. And it should be noted that the wireless carrier has managed some growth via aspects outside of its core smartphone division, such as automobiles and connected devices. Compared to other major wireless carriers in America, AT&T has been by far the more aggressive in pursuing growth in areas beyond the usual smartphone focused side of business.
Not surprisingly, AT&T’s performance during the third quarter of this year is quite similar to what it achieved in the previous quarter, wherein it gained 2.1 million customers mainly due to its efforts in connected automobiles and tablet devices. Even though an individual subscriber and a connected automobile each counts as one customer, they normally generate less earnings from a connected device compared to a regular smartphone plan.
Recent quarters have seen AT&T struggling with its phone division, however the wireless carrier states that is expecting to gain branded voice customers (also known in the industry as phone customers) in the third quarter of this year. Note that T-Mobile’s Legere has stated his wireless carrier would gain more 760,000 phone customers in the third quarter as well.
Apart from releasing initial figures for net new customers for the third quarter of this year, AT&T also took the opportunity to reiterate its complete one year forecast of adjusted earnings to be within the range of $2.62 per share to $2.68 per share. This is higher than what Wall Street has predicted, which is around $2.62 per share. The wireless carrier also expects a double digit increase in revenue.
Remember AT&T’s acquisition of DirecTV back in July earlier this year? Well, the wireless carrier is saying that its efforts of integration with the satellite TV provider is going according to schedule. Meanwhile in Mexico, AT&T is on track to provide 40 million users access to its 4G LTE network before the end of 2015. To explore AT&T deals, you can browse plans and phones from AT&T at Wirefly now.
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