AT&T’s wireless service revenues
Let’s take a look at the two important segments of AT&T’s (T) wireless revenues. The smaller part is the company’s wireless equipment revenues, whereas the larger part is its wireless service revenues. The declining trend in the combined domestic wireless operations service revenues continued in the first quarter.
In the first quarter, AT&T posted combined domestic wireless operations service revenues of $13.4 billion, a ~7.4% reduction year-over-year (or YoY). This reduction in wireless service revenues is mainly due to the lost overage revenues, as well as rate-plan optimization by single-line users after the introduction of unlimited offerings. AT&T expects its wireless service revenue growth to improve throughout 2018 and turn positive for fiscal 2018 on a comparable basis.
Performance of other US wireless carriers
Let’s evaluate the growth in the wireless service revenues of the other major US mobile operators in the first quarter. Sprint’s (S) wireless service revenues declined ~3.0% YoY to reach $5.6 billion. Verizon’s (VZ) wireless service revenues decreased ~2.4% YoY to reach $15.4 billion. T-Mobile’s (TMUS) wireless service revenues rose ~6.5% YoY to reach $7.8 billion.
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