AT&T continued its subscriber development streak by including extra telephone and broadband clients within the second quarter of the yr.
The Dallas telecom firm added 326,000 postpaid telephone web additions over the interval, a metric utilized by the business to indicate success and reliable income. That contributed to eight.3 million postpaid telephone web additions over the past three years, AT&T CEO John Stankey famous through the quarter’s earnings name; “that is up from fewer than a million within the three years previous to July 2020.”
The provider additionally reported 123,000 postpaid telephone web additions, primarily pushed by its Cricket model.
AT&T’s quicker midband 5G spectrum now reaches 175 million individuals, up from 160 million final quarter, with a plan to succeed in 200 million by the tip of the yr. The provider’s nationwide 5G community, together with slower low-band 5G spectrum, reaches 290 million Individuals.
CEO Stankey took a second to deal with lead-wrapped telecom cables, which the Wall Avenue Journal reported are nonetheless utilized by carriers together with AT&T. He famous that the business had phased out placement of latest lead-wrapped cables within the Nineteen Fifties however some “nonetheless present vital buyer voice and information companies.”
“Impartial specialists and longstanding science have given us no motive to imagine these cables pose a public well being danger,” Stankey mentioned, noting that AT&T is cooperating with the Environmental Safety Company to evaluate the difficulty and had expanded testing for staff concerned with lead-wrapped cables. He acknowledged that, as a result of current litigation in Lake Tahoe and different areas, he was restricted in commenting.
AT&T added 251,000 web fiber web buyer additions over the quarter, persevering with subscriber development of including 200,000 clients for every of the final 14 quarters. The provider handed 20 million places together with shopper houses that it serves with fiber web, and plans to succeed in 30 million by 2025.
AT&T reported revenues of $29.9 billion, up 0.9% yr over yr, which broke right down to an adjusted 63 cents earned per share. That is above the 54 cents earnings per share estimated by analysts polled by Yahoo Finance.