AT&T reported a 4% increase in revenue and 2 million new subscribers. The iPhone has driven much of these increases, however the subsidies on the margins were worse than expected. AT&T said margins were around 37% as opposed to 39-40% which was initially expected.
AT&T announced that it will introducing a cloud computing service that will provide computer networking and storage. AT&T is setting up data centers for its service in New Jersey, San DIego, Annapolis, Amsterdam, and Singapore.
AT&T's revenue grew 4.7% y-o-y and earnings grew 30% y-o-y. AT&T added 1.3M new subscribers and also added another 170,000 subscribers to its U-Verse service. Results reflected the slowdown in the US economy, however results were still better than expected and sent shares up.
AT&T reported that they are giving a subsidy to Apple's new 3G iPhone. AT&T reported that it expected the subsidy to cost them about 12 cents a share which works out to about $720M.
Two Way Media filed a patent suit against Akamai, Limelight Networks, and AT&T. The patent has to do with "multicasting method and apparatus".
AT&T Releases Q4 2007 Earnings.
During a telecommunications conference held as Citibank, AT&T's chief executive implicated a slowing in sales for their consumers throughout 2008.
Apple announces that Cingular Wireless will be the exclusive carrier of its new iPhone, due to launch in June 2007.
AT&T announced completion of its acquisition of BellSouth.
Edit Metric
