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AT&T Q1 2016 earnings call - 2.3 million new subscribers, $40.5 billion in revenue and more
Earnings calls tend to be boring, right? Nothing but a bunch of numbers and weird terms very few actually understand. But this time around AT&T seems to be getting some impressive results, and it’s for reasons you might want to know about.
The popular carrier has given us a briefing on Q1 2016 and things are really looking up. They have managed to consolidate 40.5 billion in revenue, only during the first quarter. It would put them above last year’s Q1 by 24%. This is said to be, in large part, thanks to their DIRECTV acquisition, which was a big step and is proving to be bearing fruit very quickly.
Another acquisition that continues to make AT&T grow is that of Mexican carrier IUSACELL. AT&T is now going full throttle over in Mexico, and they continue to gain subscribers very quickly. About 529,000 new Mexican subscribers joined AT&T, which means the company is now working with 9.2 million in said country.
This may not sound like a big deal, but it kind of is in a country that has been monopolized by a single carrier for so long. This service provider would be Telcel, which currently holds over 70 million subscribers. I won’t give you the whole story right now, but Telcel kind of took advantage of its lack of competition, charging prices that not even USA customers would pay.
When AT&T entered the Mexican market, things began to change, with plummeting prices and much more value coming into the scene. Now Telcel is seeing people flock to the other side, which is pushing them to compete in a fair manner with AT&T. Long story short: AT&T is not only growing, but improving the wireless carrier situation in Mexico.
They are also adding plenty of subscribers in the USA, though! In fact, AT&T seems to have added 1.8 million subscribers on this side of the border. Pretty nuts.
Want to learn all the details from the earnings call? All the specifics can be studied by reading AT&T’s investor briefing document. Check it out if you really need to get every single detail. For now, we can tell you AT&T is growing fast.