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  1. #1
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    [EN] AT&T: Enterprise market challenged by slow economy, legacy service declines

    AT&T reported that third quarter business solutions revenues grew slightly during the quarter, rising 0.4% to $18 billion. The service provider noted that more than 70% of revenues are wireless and strategic services.

    Legacy data services declined 16% YoY while legacy voice and other services declined 6% YoY.

    Sean Buckley
    Nov 9, 2016

    AT&T may have secured its business network future with its aggressive investments in fiber to businesses and next-gen Ethernet and cloud services, but a challenging economy and legacy service declines pose challenges to growing business revenues.

    John Stephens, CFO of AT&T, told investors during the Wells Fargo Securities Technology, Media & Telecom event Wednesday that the telco’s growing array of strategic services is enabling it to keep and attract customers.

    “What we’re seeing is that while the investment in business across the economy telecom carrier is very tepid, very slow, we’re getting good growth on a base that’s now getting close to $12 billion on an annual basis and growing near double digits,” Stephens said. “That’s pretty darn good in this economy and we believe we’re taking share.”

    Stephens added that when the economy starts to bounce back, AT&T “will be best positioned to grow it.”

    While it faces a less than stellar economy, AT&T reported that third quarter business solutions revenues grew slightly during the quarter, rising 0.4 percent to $17.8 billion. The service provider noted that more than 70 percent of revenues are wireless and strategic services.

    The telco reported that revenue shift to wireless and strategic services were 70 percent of total business revenues. Strategic services revenues were up $240 million, or 9.1 percent, year-over-year.

    AT&T continues to be challenged by legacy service revenue losses, given its long line of TDM-based services that customers are in various stages of migrating to, such as next-gen IP Ethernet and cloud. As a result, AT&T’s strategic business services growth was offset by the decline in legacy services. Legacy data services declined 15.8 percent year-over-year to $1.8 billion, while legacy voice and other services declined 6.2 percent year-over-year to $3.2 billion.

    “Like all companies looking to gain efficiencies and cost savings for some of our legacy products, we are facing real challenges,” Stephens said. “We’ll work through that just like we worked through that issue on the consumer side, which has become a much smaller percentage of our entertainment group.”

    http://www.fiercetelecom.com/telecom...rvice-declines

  2. #2
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    AT&T adds 156K broadband subs in Q3, but legacy DSL losses remain a drag

    AT&T’s IP broadband subscriber additions were offset by 161,000 DSL customer losses.

    Sean Buckley
    Oct 24, 2016

    AT&T saw a slight uptick in IP broadband subscribers in the third quarter, but ongoing legacy DSL declines continued to be a drag for the telco.

    John Stephens, CFO of AT&T, told investors during the third quarter earnings call that IP broadband and video were key contributors to the Entertainment Group’s third quarter revenues.

    AT&T’s Entertainment Group revenues grew 1 percent year-over-year to $12.7 billion.

    “Entertainment Group revenues grew as IP and video revenue outpaced legacy declines and margins continued to expand at a healthy clip,” Stephens. “Our reported margins were up 130 basis points year-over-year driven by merger synergies and a full quarter of DirecTV.”

    IP broadband revenues were up 12 percent year-over-year, while total broadband was up 5 percent. Specifically, AT&T added 156,000 net IP broadband customers. This was a big improvement over the second quarter where AT&T added only 74,000 IP broadband subscribers, a figure that included 20,000 new business broadband additions.

    Stephens said that “overall TV and broadband subscribers were relatively stable during the quarter.”

    Per the industrywide trend, AT&T continued to see legacy DSL subscriber declines. The telco reported that it lost 5,000 total broadband subscribers, lower than Wells Fargo’s 15,000 estimate. In all, AT&T’s IP broadband subscriber additions were offset by 161,000 DSL customer losses.

    However, AT&T’s IP broadband additions were down on a year-over-year basis from the 192,000 the telco added in the third quarter of 2015.

    AT&T also reported that while it added 323,000 new DirecTV customers, it lost 3,000 total video customers. The telco said the video losses were due to the company’s focus on attracting profitable customers and transitioning more customers to the DirecTV platform.

    Over 1.2 million new satellite customers have been added since AT&T purchased DirecTV. AT&T said that it transitioned about 70 percent of its customers from its IPTV-based U-verse platform to DirecTV.

    AT&T hopes to enhance its video product further with its just-announced $85 billion acquisition of Time Warner. By acquiring Time Warner, the telco will gain an even broader library of content including HBO, as well as Turner Networks, home to CNN, TNT and TBS. AT&T would also control the powerful Warner Bros. TV Studios operation, as well as Warner Bros. Pictures.

    Unlike its ILEC peer Verizon, AT&T actually saw its business solutions revenues grow slightly during the quarter, rising 0.4 percent to $17.8 billion. The service provider noted that over 70 percent of revenues are wireless and strategic services.

    “Business Solutions performed well in a challenging economy,” Stephens said. “Our flow share is good and we continue to see the benefits of an integrated wireless and wireline approach.”

    Strategic business services revenues rose 9 percent year-over-year to $2.9 billion and now consist of 37 percent of business wireline revenues.

    The revenue shift to wireless and strategic services were 70 percent of total business revenues. Strategic services revenues were up $240 million, or 9.1 percent, year-over-year.

    Stephens said that “thanks to wireless we grew business revenues in the quarter and we grew revenues in all of our retail segments – enterprise, small business and public sector.”

    Global business revenues were $9.37 billion, while small business and public sector were $3.18 and $1.5 billion, respectively.

    Total wireline business revenue was $7.8 billion, slightly lower than the $7.9 billion estimate made by Wells Fargo. Strategic wireline business services revenue was $2.9 billion, up 9.1 percent year-over-year.

    Similar to the Entertainment Group, strategic business services growth was offset by the decline in legacy services. Legacy data services declined 15.8 percent year-over-year to $1.8 billion, while legacy voice and other services declined 6.2 percent year-over-year to $3.2 billion.

    From an overall financial perspective, AT&T’s consolidated revenues were $40.9 billion, up 4.6 percent due to growth in video and IP services. Earnings per share were 54 cents, up from 50 cents in the year-ago quarter.

    Taking out takeover and currency effects, AT&T’s revenues were flat, as growth in video and IP-based services was offset by pressure in mobile and legacy services. Operating profit still rose to $6.4 billion versus $5.9 billion, and the adjusted operating margin was stable year-over-year at 20.3 percent.

    http://www.fiercetelecom.com/telecom...-remain-a-drag

  3. #3
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    AT&T adds 323K DirecTV subs in Q3

    Daniel Frankel
    Oct 24, 2016

    Just 36 hours after announcing its proposal to buy Time Warner Inc. for $85 billion, AT&T said it added 323,000 customers in the third quarter to its DirecTV platform, which it described as a centerpiece to the aggressive content play.

    AT&T said it has grown DirecTV by 1.2 million users since taking over the platform in August of last year. Company executives, meanwhile, said their conviction has grown further that the virtualized DirecTV Now platform – set to launch later in the fourth quarter – will drive its future in the realm of video distribution. And it needs its own content arm to innovate DirecTV Now into the leading service it wants it to become.

    Randall Stephenson, CEO of AT&T, said the process of signing content deals with Time Warner, NBCUniversal, Disney and others for the over-the-top DirecTV Now platform has been “heavy lifting.” Owning a content engine like Time Warner Inc., he said, will make the process of creating innovative services like DirecTV Now easier.

    “The more we iterate and work on DirecTV Now, the more we get excited,” Stephenson said. “We think about what else we can do on this platform, such as incorporating social – the ability to clip content you’re watching and share it with your friends. We’re trying to develop those types of products with content providers, but it’s really hard to get these innovations on content done.”

    With AT&T owning Time Warner as a wholly owned subsidiary, “we can innovate our content much faster,” said Stephenson, adding that other content providers will fall in line once this happens.

    For his part, Time Warner CEO Jeff Bewkes said his company has long sought the kind of rich VOD experience for its Turner Networks channels that’s currently being provided only by Comcast’s X1 platform. The process of ubiquitous VOD access has been slow to evolve, mainly due to content rights issues and the “arms-length” partnership between programmers and distributors.

    “We want to bring more packages and more choices at different price points,” said Bewkes, sitting in Monday alongside AT&T execs during their earnings call. “We want to provide more innovation with more advertising capabilities. We can make the advertising experience more interesting for the consumer versus the one next door. And the more of the cost of programing that’s bore by advertising, the more consumers get a break.”

    Bewkes was asked why Time Warner felt it was important to align with a distributor like AT&T now, when the company divested Time Warner Cable back in 2009. TWC, he said, was just a regional cable company covering about 12 percent of the country at the time. And the business of video distribution has since changed.

    “The world’s much different now,” Bewkes said. “You have things like net neutrality and mobile which is much bigger. You have a lot of incoming new competition from Facebook, Netflix, Google and Amazon. And as the distribution world changes, it’s important to have distribution platforms to foster innovation on mobile sets and in broadband, and the ability to have two-way communication with consumers and more targeted advertising.”

    Stephenson said the deal is timed well, with much of the integration of DirecTV set to be completed by the time the Time Warner deal is expected to close late next year.

    “The timing of deal as it relates to the integration of DirecTV is very good fit,” he said.

    As AT&T sets down a path of vertical integration focused on digital distribution of video content on DirecTV-branded OTT platforms, it’s leaving some of its legacy platforms behind. AT&T U-verse, for example, continues to shrink away, losing another 326,000 customers in the third quarter.

    AT&T conceded that the diminishment of U-verse will likely offset the growth of DirecTV in 2016, resulting in a net loss of video customers.

    Revenue for AT&T’s Entertainment Group increased by 1 percent in the quarter to $12.7 billion.

    http://www.fiercecable.com/cable/at-...me-warner-deal

  4. #4
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    Tracking wireline telecom earnings in Q3 2016 | FierceTelecom

    Sean Buckley
    Oct 19, 2016


    The third-quarter 2016 earnings reporting season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the reporting season for updates on providers, vendors and integrators in this segment.

    Also, our colleagues at FierceWireless are tracking the second-quarter results of the major players in the wireless industry, as is FierceCable for the cable industry.


    Oct. 19

    Adtran
    From an overall financial perspective, Adtran reported $168.8 million in revenues, up 7 percent year-over-year from $158 million in the same period a year ago. Within the revenue mix, Adtran reported that network solutions revenue declined year-over-year to $136.2 million, while services and support were $32.6, up from $19 million in third quarter 2015.
    - see our coverage
    - visit Adtran's investor relations page

    Oct. 20

    Verizon
    Verizon’s overall total third-quarter 2016 revenues were a bit of a disappointment, declining 6.7 percent year-over-year to $30.9 billion.
    - see our coverage
    - visit Verizon's investor relations page

    Oct. 25

    AT&T
    AT&T’s third quarter revenues were flat, as growth in video and IP-based services was offset by pressure in mobile and legacy services. Operating profit still rose to $6.4 billion versus $5.9 billion, and the adjusted operating margin was stable year-over-year at 20.3 percent.
    -see our coverage
    - visit AT&T's investor relations page

    Juniper Networks
    Juniper reported $1 billion in total revenues, surpassing its outlook and up sequentially across all technologies and geographies.
    - see our coverage
    - visit Juniper's investor relations page

    Oct. 26

    Infinera
    Infinera reported revenues of $185 million, down 20 percent year-over-year and 28 percent sequentially. The vendor said that its top five customers in the quarter consisted of two Tier 1 carriers, two cable operators and a wholesale and enterprise carrier.
    - see our coverage
    - visit Infinera's investor relations page

    Oct. 31

    CenturyLink
    CenturyLink reported third quarter core revenues of about $3.9 billion. The telco’s third quarter net income and diluted earnings per share (EPS) was $152 million and 28 cents, respectively, down year-over-year from $205 million and 37 cents.
    - see our coverage
    - visit CenturyLink's investor relations page

    Level 3 Communications
    Level 3, which is in the process of being acquired by CenturyLink, reported that soft sales during the quarter resulted in revenues dropping year-over-year to $2.03 billion from $2.06 billion.
    - see our coverage
    - visit Level 3's investor relations page

    Nov. 1

    Frontier Communications
    Frontier reported total revenue of $2.52 billion and operating income of $264 million, down sequentially from $2.61 billion in the second quarter.
    - see our coverage
    - visit Frontier's investor relations page

    Nov. 2

    Cincinnati Bell
    Cincinnati Bell reported $312 million in consolidated third quarter revenue, up 4 percent, or $12 million, from the prior year. Cincinnati Bell said this increase was the result of an 18 percent growth in strategic products.
    -see our coverage
    - visit Cincinnati Bell's investor relations page

    FairPoint Communications
    FairPoint Communications reported $207.1 million, down from $221.6 million as price increases and broadband speed upgrades could not offset continued line losses and lower regulatory funding. Net income declined to $40.2 million from $53.1 million, as higher taxes offset higher operating income.
    - see our coverage
    - visit FairPoint's investor relations page

    Nov. 3

    Consolidated Communications
    Consolidated reported total revenue of $191.5 million, down from $194 million in the same period a year ago. Consolidated noted that growth in strategic revenues were offset by declines in legacy voice revenues, network access and subsidy step-downs from CAF-II and Texas USF support.
    - see our coverage
    - visit Consolidated's investor relations page

    Hawaiian Telcom
    Hawaiian Telcom reported revenue of $97.8 million, down from $100.9 million in the third quarter of 2015. The telco said the decline was due partly to an additional $1.1 million received in 2015 for government subsidies from the FCC’s CAF-II program to expand broadband availability.
    - see our coverage
    - visit Hawaiian Telcom's investor relations page

    Nov. 4

    TDS Telecom
    TDS Telecom’s parent company Telephone and Data Systems reported total operating revenues of $1.3 billion for the third quarter of 2016, versus $1.37 billion for the same period one year ago.
    - see our coverage
    - visit TDS Telecom's investor relations page

    Nov. 7

    EarthLink
    - visit the investor’s relations page

    Shenandoah Telecom
    - visit Shenandoah's investor relations page

    Windstream
    Windstream reaffirmed its previously provided service revenue guidance of $5.27 billion to $5.42 billion and adjusted OIBDAR of $1.90 billion to $1.95 billion. Adjusted capital expenditures are expected to be between $800 million and $850 million.
    - see our coverage
    - visit Windstream's investor relations page

    Nov. 9

    Lumos Networks
    - visit Lumos' investor relations page

    Zayo Group
    - visit Zayo Group's investor relations page

    Nov. 14

    CS&L
    - visit CS&L’s investor relations page

    Nov. 16

    Cisco
    - visit Cisco’s investor relations page

    http://www.fiercetelecom.com/telecom...rnings-q3-2016
    Última edição por 5ms; 10-11-2016 às 05:53.

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