April 27, 2016
In the wake of last year’s $49 billion acquisition of DirecTV, AT&T’s quarterly profit jumped 17 percent. The telecom lost some wireless and video subscribers, but reports that 3 million subscribers have signed up for its new unlimited wireless data plan. “AT&T has been pushing its nationwide DirecTV satellite service and de-emphasizing its old U-verse service that operates in a 21-state footprint,” notes The Wall Street Journal. “In the fourth quarter, more people left U-verse than joined DirecTV. That pattern continued in the first quarter.” However, chief financial officer John Stephens explained that the company expects to increase its number of video customers for the year.