AT&T Recorded 2.1 mil Net Adds, Close to 50% are Connected Cars

The second largest Operator in the US, AT&T has posted better than expected profits during the second quarter of this year. The Operator recorded a 2.1 million net adds, including 1 million connected cars and another 600k tablets and other non-phone devices during the quarter.

AT&T’s operating income for the quarter was $5.7 billion versus $5.6 billion in the second quarter a year ago, and operating income margin was 17.3 percent, up slightly from 17.2 percent in the year-ago quarter. However, the Operator posted a lower net income of $3 billion compared to $3.5 billion during the second quarter of 2014. 

Wireless revenues rose 2.1% to $18.3 billion and wireless equipment revenues rose 14.6% to $3.2 billion, with customers opting for equipment installment plans and bring-your-own-device plans.

Randall Stephenson, AT&T chairman and CEO
We added more than 2 million new wireless subscribers as the repositioning of our smartphone base nears completion. We also began expanding high-quality, high-speed wireless service to Mexican consumers and businesses. This is a pivotal time for us. We look forward to closing DIRECTV and building on this momentum by delivering a new TV everywhere experience integrated with mobile and high-speed Internet service.

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