AT&T has reported its earnings for the second quarter of 2016, noting a solid bump in both consolidated revenues and wireless net adds over this time a year ago. In total, AT&T says that consolidated revenues were up to $40.5 billion for the quarter, which is an increase of 22% over the same period a year ago.
Concerning the wireless market specifically, AT&T says that it saw a total of 2.1 million wireless net adds total. 1.4 million of those net adds came from the U.S. alone, while Mexico contributed 780,000. According to AT&T, this quarter also saw the company's second-lowest churn on record at 0.97%. Here are the highlights:
- 2.1 million wireless net adds driven by connected devices, Mexico and Cricket
- U.S. net adds of 1.4M; including 257k postpaid and 365k prepaid
- 185k U.S. branded (postpaid and prepaid) phone net adds
- Nearly 800k branded smartphones added to the U.S. base, offsetting ~600k branded feature phone decline
- Postpaid churn of 0.97%, down from 1.01% in 2Q15 and second-lowest ever in U.S.
- Mexico: 780k branded net adds to reach about 10 million subscribers
For much more, be sure to check out AT&T's full earnings release.