AT&T narrows loss, bumps up revenue on smartphone sales
AT&T reported a slight increase in revenue and a smaller net loss for the fourth quarter, helped along largely by smartphone and broadband sales.
AT&T reported a slight increase in revenue and a smaller net loss for the fourth quarter, helped along largely by smartphone and broadband sales.
AT&T reported revenue of US $31.5 billion for the third quarter of this year, flat compared to the third quarter of 2011, while net income was up slightly to $3.6 billion.
AT&T has scrapped its plans to purchase rival mobile carrier T-Mobile USA in the face of opposition from two U.S. agencies.
AT&T's revenue was down slightly in the third quarter of 2011, compared to a year earlier, but net income rose by about US$400 million, on a comparable basis, driven by strong growth in its mobile and broadband divisions.
AT&T will return 5,000 outsourced call-center jobs to the U.S. if regulators approve its proposed US$39 billion acquisition of T-Mobile USA, the company said Wednesday.