AT&T’s International segment
AT&T’s (T) International segment saw strong growth across its operations. Its total revenues rose~11.7% year-over-year (or YoY) to reach ~$2.1 billion in 3Q17 as both Mexico and Latin America showed gains.
However, its EBITDA[1. earnings before interest, tax, depreciation, and amortization] declined YoY, mostly driven by foreign exchange impacts in the company’s DIRECTV Latin America operations as well as added customer acquisition expenses in Mexico.
AT&T’s Mexico wireless net additions in 3Q17
In Mexico, total revenues were up ~26.5% YoY to reach ~$0.74 billion in 3Q17. AT&T added 697,000 wireless net customers in Mexico during 3Q17, compared to 743,000 in 3Q16.
At the end of 3Q17, AT&T’s wireless footprint in Mexico covered 90 million POPs (Point of Presence) and expects to cover nearly 100 million POPs by the end of 2018.
In Latin America, total revenues rose ~5.1% YoY to reach ~$1.4 billion in 3Q17. Its total revenues rose ~12.0% YoY, excluding the impact of foreign exchange. In Latin America, DIRECTV lost 132,000 video subscribers in 3Q17.
By concentrating on its International Video and Wireless segments, AT&T is on the plus side as this helps offset weakness in its Domestic Wireless segment.