AT&T maintained a panel to talk about 5G earlier this month. AT&T
AT&T regains wireless momentum. Company posts strongest second quarter in 10 years in key post-paid subscriber growth area - or customers withc higher credit scores that pay off at the end of the month - and also saw growth in its HBO and HBO Max streaming services. .
The company has spent the last few months focusing on its wireless core business and 5G deployment. He has agreed to divest his Warner Media business - which includes HBO, CNN and the Warner Bros. studio. - as part of an agreement with Discovery expected to be concluded next year.
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It is not the only operator to reduce its media ambitions. Verizon sold its Yahoo, AOL and multimedia properties to Apollo Investment Group, and T-Mobile scuttled its streaming serviceing TVision after only five months. Instead, many rely on their traditional business through aggressive promotions.
This helped AT&T in the first quarter and growth continued into the period ending in June. It added 789,000 net postpaid phones and 1.16 million total postpaid customers, while its turnover rate of 0.69% was the lowest on record. In comparison, Verizon added 275,000 postpaid telephony customers and a total of 528,000 postpaid customers during the same period.
AT&T also hit its goal of reaching 250 million people with its national 5G network six months ahead of schedule.
The company added 2.8 million HBO and HBO Max customers and increased its estimate of the total number of customers at the end of the year from 70 million to 73 million.
In total, AT&T reported net income of $ 1.51 billion, or 21 cents per share, and a chturnover of $ 44.04 billion. Its adjusted earnings per share, which excludes one-time items, was 89 cents. Analysts expected earnings of 79 cents per share and $ 42.64 billion in revenue, according to Yahoo Finance .
AT&T shares have slipped 0.1% to $ 27.87 in recent trading.
Update: Added the total number of postpaid numbers.