AT&T’s wireless service revenue
Let’s now look at the two main divisions of AT&T’s (T) combined domestic wireless operations (or AT&T Mobility): services and equipment. In last year’s fourth quarter, AT&T Mobility’s service revenue fell ~3.0% YoY (year-over-year) to $13.9 billion. However, excluding the impact of its new revenue recognition accounting standards, AT&T Mobility’s service revenue rose ~2.9% YoY to $14.7 billion.
At the Morgan Stanley Technology, Media and Telecom Conference on February 27, AT&T CFO John Stephens spoke about AT&T Mobility’s service revenue growth, stating that AT&T expects it to continue to grow in the first quarter. He added, “FirstNet being able to power that growth in 5G evolution, and 5G and all of the services that will come from it, like, give us great comfort and that strong wireless brand and franchise.”