AT&T is giving more of its wireline customers the option to get its 75 Mbps U-verse broadband service tier, announcing that it has expanded the service in seven new markets. The service provider will begin offering the speed tier in Augusta, Ga.; Charleston, S.C.; Cleveland and Columbus, Ohio; Fort Lauderdale and Miami, Fla., and St. Louis, Mo. FierceTelecom has a complete look here.
AT&T reported the addition of 73,000 U-verse TV subscribers in the fourth quarter, a significant decline from the 194,000 added in the same period of 2013. In its full year and Q4 earnings call with investors Tuesday, the conglomerate attributed the decline to a "strategic move to improve profitability" by concentrating on subscribers with lower churn rates.
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.