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.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.