The FCC has asked the AT&T (NYSE: T) for more information about its fiber plans, two days after Chairman and CEO Randall Stephenson said his company would delay rollout of FTTP services amid what appears to be a regulatory climate favoring strong net neutrality. FierceTelecom has a complete report on this latest development.
AT&T reported $33 billion in consolidated revenue for the third quarter, up 2.5 percent year-to-year but missing investor forecasts by about $240 million. U-verse TV subscribers spiked at 216,000 in Q2, and U-verse high-speed Internet customers increased by 601,000.
Driven by the growth of its U-verse platform and subscriber gains in its wireless postpaid business, AT&T reported a 1.6 percent increase in second quarter consolidated revenue to $32.6 billion, and an 8 percent drop in operating income to $5.6 billion on a 4 percent uptick in operating expenses.
Being bundled with broadband high-speed data will boost AT&T U-verse television going into the second quarter of the fiscal year, the carrier predicted in an update on its Project VIP network investment. The bundle, in fact, "reinforces the strategic rationale of AT&T's proposed acquisition of DirecTV," the company said.
Austin city officials now have a great civic selling point to attract new residents, businesses and visitors: some of the fastest Internet connections in the nation.
Fox News now has competition for right-wing cable news viewership: Herring Networks, the San Diego, Calif.-based media company that owns the conservative-leaning Washington Times, announced that its One America News Network has reached an agreement to run on AT&T U-verse.
Whether it's becoming more available thanks to copper to fiber migrations, or whether consumers are just finding more reasons to buy, broadband was a big plus for cable and telephone service providers in the first quarter of 2014, Leichtman Research Group found.
The growth of competitive wireline television services in two U.S. markets has taken an interesting turn: In Washington, D.C., Verizon said it would change a nine-year FiOS rollout plan to 10 years. And in San Francisco, citizens are getting some legislative support in a battle against AT&T's placement of cabinets necessary to deliver U-verse service.
Once-and-future TV service competitors Comcast and AT&T have beefed up their TV offerings with new features aimed at further personalizing the interactive viewing experience.
AT&T continues to make inroads with U-verse. The company added 200,000 U-verse video subscribers in the first quarter of 2014 and noted that churn for the product is very low. In addition, AT&T touted the fact that U-verse is now a $14 billion annualized revenue stream for the company, growing at almost 30 percent year-over year.