AT&T Adds More Pay-TV Subs in First Quarter
Telecom giant AT&T on Tuesday said it signed up 232,000 net new pay-TV subscribers, more than in the year-ago period.
The company had added 200,000 net new subscribers to its U-Verse pay-TV service in the opening quarter of 2012 and 192,000 in the fourth quarter.
AT&T said the figure marked its biggest subscriber growth in nine quarters. The gain in the latest quarter brought the total U-Verse user base to nearly 4.77 million.
Verizon last week reported 169,000 subscriber additions for its FiOS TV service. Just like U-Verse, it competes with cable and satellite TV operators.
AT&T on Tuesday also reported a first-quarter profit of $3.77 billion, up 3 percent from the same quarter last year. Revenue declined 1.5 percent to $31.4 billion. Excluding the sale of a unit, revenue would have been up 0.9 percent.