In its first quarterly financial report since closing its mega-merger, the new AT&T reported consolidated fourth-quarter 2005 revenues of $12.97 billion and earnings of $1.66 billion, or $0.46 per diluted share, including special merger and hurricane recovery related items. The results were ahead of market forecasts driven by growth at Cingular Wireless, broadband and enterprise services.
Some highlights for Q4 2005:
- Wireline segment revenues, which are made up of former SBC wireline results, totaled $9.43 billion, up 1.3 percent from the fourth quarter of 2004. Wireline consumer revenues grew 4.6 percent, and business revenues increased 1.9 percent.
- Business and consumer revenue growth was partially offset by expected declines in wholesale revenues, reflecting a reduction in UNE-P access lines.
- Added 425,000 net DSL customers, the same as in the year-earlier fourth quarter, and ended 2005 with 6.9 million DSL lines in service
- Data revenues increased 7.8 percent versus results in the year-earlier quarter to $3.10 billion, driven by DSL/Internet growth, along with solid results in transport services.
- Long distance revenues increased 13.4 percent to $984 million, with 177,000 long distance lines added during the fourth quarter to reach 23.5 million in service.
- Wireline retail business lines declined by 54,000 in the fourth quarter of 2005, compared with a decline of 74,000 in the year-earlier quarter.
- Consumer retail primary lines declined by 129,000 versus 73,000 in the fourth quarter of 2004. Additional lines declined by 99,000 versus a decline of 119,000 in the year-earlier quarter.
- Total switched wholesale lines declined by 490,000 versus a decline of 302,000 in the fourth quarter of 2004. Wireline operations ended the year with 49.4 million switched access lines in service.
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