AT&T Numbers

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U-verse was a standout in AT&T‘s 3Q performance, with the telco adding 265K video subs in the period. That’s the 2nd-highest net add quarter ever and the best in almost 5 years. AT&T also notched a record 97K U-verse broadband gains, more than doubling year-ago net adds. The telco has hit 10mln total U-verse customers (TV and broadband), more than double the number it had 2 years ago. AT&T had its 1st-ever $1bln U-verse revenue month. "When you look at what’s driving the business, it’s Project Velocity IP," said CFO John Stephens. AT&T unveiled the project last year, detailing a 3-year plan to expand its U-verse platform to potentially 33mln homes by the end of ’15, boost Internet downstream speeds to up to 75 Mbps and, among other things, take fiber connections to 1mln new business customer locations. "We’re making terrific progress on all fronts," Stephens said. For the Q, net income for AT&T increased 4.9% to $3.8bln, while rev rose 2.2% to $32.2bln. New smartphone subscriptions were up 1.2mln.

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