AT&T investment reaches $4.7 bn towards Capex in Q1

AT&T data plans
AT&T today said its investment towards Capex (capital expenditures) was $4.7 billion in the first quarter of 2016.

First quarter revenue of AT&T was $40.5 billion (+24 percent) primarily due to DIRECTV acquisition. The company bought DIRECTV for $48.5 billion last year.

AT&T added 2.3 million wireless connections in North America driven by connected devices, Mexico and Cricket.

AT&T, the second largest wireless carrier, added 328,000 DIRECTV subscribers.

AT&T lost 382,000 customers at its Internet and TV service U-verse. The company also lost 4,000 wireless postpaid customers in the first quarter ended March 31, compared with a gain of 144,000 a year earlier.

Net income of AT&T rose to $3.80 billion from $3.26 billion.

Randall Stephenson, chairman and CEO of AT&T, said: “We’re seeing good momentum with our initial integrated wireless, video and broadband offers. And we’ll expand the integrated choices for customers in the fourth quarter when we launch our new video streaming services.”