A Quick Look at Telecom Earnings for the Quarter

By Ashok Bindra October 25, 2011

To see where the telecom industry was heading this year, the Associated Press reported a summary of earnings for selected telecommunications companies, such as AT&T and Verizon Communications. And also plans to bring on Wednesday, the earnings for Sprint Nextel Corp. This report was reprinted in Yahoo! News.

As per this report, on October 20th, AT&T Inc. reported that its wireless service revenue grew just 4.3 percent in the latest quarter as compared to the same quarter a year ago. That growth rate had often topped 10 percent in the recent years, but has now been declining for a year, wrote Yahoo! News. According to AT&T, the delayed launch of iPhone model contributed to the slowdown in growth. It just missed the end of the quarter, wrote the AP.

For Verizon Communications Inc., the October 21st earnings report suggests that earnings doubled in the latest quarter because of pension accounting effects, wrote AP. But, according to the Verizon’s earnings report, the bottom-line result masked a weak quarter in the local-phone division, which was hammered by a strike and a hurricane.

In the wireless space, as per the financial report, Verizon added more high-paying subscribers than rival AT&T. But it, too, was hurt by a late iPhone 4S.

As part of its continuing network investment to support growing demand for advanced mobile devices and applications, AT&T on Tuesday announced the activation of a new mobile broadband cell site east of Everett on the Pennsylvania Turnpike that will enhance coverage for residents and businesses in the area as well as along portions of US-30 and SR-26. The new cell site is part of AT&T’s ongoing efforts to drive investment and innovation to deliver the most advanced mobile broadband service to its customers.

Similarly, besides expanding its 3G network, Verizon Wireless is also rolling out the 4G LTE network nationwide. Full nationwide deployment is scheduled to be completed by the end of 2013, according to Verizon.


Ashok Bindra is a veteran writer and editor with more than 25 years of editorial experience covering RF/wireless technologies, semiconductors and power electronics. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves

TechZone360 Contributor

SHARE THIS ARTICLE
Related Articles

Modern Moms Shaping Influence

By: Maurice Nagle    7/19/2018

Everyone knows Mom knows best. The internet is enabling a new era in sharing, and sparking a more enlightened, communal shopping experience. Mommy blo…

Read More

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More