AT&T hasn’t given up on the FCC’s incentive...
AT&T hasn’t given up on the FCC’s incentive TV auction, Chief Financial Officer John Stephens said on a call with analysts Tuesday as the company released its results for the first quarter of 2014. “We would like to participate at…
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the auction,” he said. “We are and have been working with the commission to establish auction rules that will promote a good result for AT&T, but will also promote a successful result for the auction.” Stephens said while AT&T is always looking for spectrum, “we feel pretty good with our spectrum position right now; we feel like we've positioned ourselves well.” AT&T Q1 wireless revenue rose 7 percent over the same quarter from last year, it said. Consolidated revenue was $32.5 billion, up 3.6 percent, AT&T said in an earnings release (http://soc.att.com/1jGjS3d). Earnings per share were a diluted 70 cents compared to 67 cents a year earlier. AT&T added 625,000 net wireless subscribers, its best quarter in five years, it said. Seventy-two percent of the adds were tablets. Post-paid churn was 1.07 percent in what Stephens termed “a noisy competitive environment.” Wireline revenue was up 4.6 percent and the carrier now has 11.3 million total U-verse subscribers, the company said. “Wireless postpaid net adds were more than twice as many as a year ago, AT&T Next sales surpassed our expectations, and we had a tremendous surge in Mobile Share plans of 10 gigs or higher,” said CEO Randall Stephenson. “We also had our best wireline consumer revenue growth since we first introduced U-verse in 2006 as our Project VIP build continues to make progress.”