It’s the same story again: AT&T’s U-Verse remained the growth engine for consumer wireline in 3Q as wireline providers overall are hurt by cutting the phone cord. The telco added 198K U-Verse video subs, 30K better than consensus and 43K better than 2Q numbers. U-Verse is now a $9.5bln annualized revenue stream, growing at more than 38% YOY, CFO John Stephens said on a conference call Wed. Thanks to U-Verse, the company’s ahead of its forecasts for consumer wireline revenue and still expects stable wireline margins even in a challenging economy, he said. Continue reading for comments from Bernstein Research analysts.
More top stories in today’s CableFAX Daily:
Two years after most Cablevision subs missed out on the first 2 games of the World Series due to an impasse with Fox, some 50K customers in CT stand to miss out on baseball’s big game thanks to the ongoing blackout of FOX CT.
Former NCTA chief Kyle McSlarrow has a new role as regional vp, Mountain Region. The move might seem surprising to some, but here’s why we think it fits.
Netflix CEO Reed Hastings loves talking about HBO. After suggesting in July that the companies could work together someday, he’s predicting that the net will eventually offer a stand-alone streaming service that doesn’t require a cable subscription.