Frontier Communications is set to begin a new chapter in its home state as it has completed its $2 billion acquisition of AT&T's wireline operations in Connecticut and its related statewide fiber network and U-verse operations.
AT&T's U-verse services drove up consumer wireline revenue growth 3 percent year-over-year to $5.7 billion and helped to cushion the blow of legacy consumer and business service losses.
AT&T reported $33 billion in consolidated revenue for the third quarter, up 2.5 percent year-to-year but missing investor forecasts by about $240 million. U-verse TV subscribers spiked at 216,000 in Q2, and U-verse high-speed Internet customers increased by 601,000.
AT&T Mobility reported fewer postpaid subscriber additions in the third quarter than analysts had expected. Still, the carrier reported strong data revenue growth and said that customers buying smartphones via its Next handset upgrade plan accounted for half of all smartphone sales in the quarter.
Verizon Communications is not going to bid for assets that América Móvil is going to sell off, according to CFO Fran Shammo. Meanwhile, thanks to rules being put in place by Mexico's telecommunications regulators, AT&T could face hurdles if it decides to acquire some of the assets.
AT&T may be the largest landline voice provider in the United States, but it said that as this once lucrative service source continues to decline, the FCC's Connect America Funds part II (CAF-II) funds should focus solely on broadband and not voice.
Striking a defensive tone eerily similar to another FCC petition issued by Comcast three weeks ago, AT&T and DirecTV tried to distance their proposed merger from that being undertaken by Comcast and Time Warner Cable.
A combined AT&T-DirecTV will be good for rural customers, effectively helping bridge the digital divide, but it has no connection with Comcast's proposed purchase of Time Warner Cable, AT&T argues in a new filing with the FCC.
In a twist on the old falling tree in the forest riddle, Tuolumne County, Calif., Sheriff Jim Mele said a criminal act, not a falling tree, actually caused a fiber cut that disrupted AT&T phone and Internet service outside the town of Sonora.
CenturyLink continues to aggressively chase the cloud and use the resources it gained when it acquired Tier 3.