The wireline bright spots in AT&T's fourth-quarter earnings were not in the telephone business, according to Bernstein Research.
In an advisory to clients, senior analyst Craig Moffet said that those bright spots were in broadband and its U-verse video service.
According to its most recent financials, AT&T added 210,000 broadband subs, almost doubling a projected 110,000 pickups for the quarter. U-verse subs were up 246,000, slightly above a projected 237,000.
By contrast, average revenue per unit for voice was down a "breathtaking" 8.7%, with access line losses down 11.5% thanks to phone cord-cutters.
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Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.