Telco Blames Seasonality in Part for Decline in Wireline Broadband Connections
Telco Blames Seasonality in Part for Decline in Wireline Broadband Connections
AT&T pulled in 155,000 new U-verse TV subscribers in the second quarter of 2012, while the nation's No. 1 telco dropped a whopping 649,000 DSL subscribers in the period for a net loss of 96,000 broadband customers.
For the three months ended June 30, AT&T's U-verse revenue grew 38% to $2.3 billion, representing 57% of consumer wireline revenue for the period. Overall, consumer wireline revenue increased far less at 1.7% year over year, to $5.5 billion -- although that was the segment's strongest growth in more than four years, according to the company.