AT&T U-verse Subs Push Past 11.3 Million

Adds 201,000 TV Subs, For Total of 5.7 Million

AT&T said it ended the first quarter with 11.3 million U-verse subs (TV and high-speed Internet)  following the addition of 201,000 U-verse TV subs, giving it a total of 5.7 million in the category.

AT&T ended 2013 with 10.7 million U-verse subs and 5.5 million TV customers. 

AT&T said U-verse broadband scored a first quarter net gain of 634,000 subs, giving it seven consecutive quarter in which it had more than 600,000 net adds, noting that U-verse high-speed subs now represent more than two-thirds of all wireline broadband subs, versus 51% in the year-ago quarter. About 60% of U-verse broadband subs now take a plan offering speeds of 12 Mbps or more.

With DSL results factored in, total wireline broadband subs increased by 78,000, AT&T said.

Total Q1 wireline revenues were $14.6 billion, down 0.4% from the year-ago quarter, while U-verse revenues rose 29%.

AT&T posted net income of $3.7 billion on consolidated revenue of $32.5 billion, up 3.6%. For full-year 2014, the company expects consolidated revenue to grow 4% or more.