AT&T declared its second quarter result and they had done a lot better than expectation. The company earned $31.5 billion in revenue, up 2.2% than last year, and its operating income of $6,165.0 million is also up by 1.3% than the same period last year.
Wireless subscriptions were up 1.1 million to reach 98.6 million, with 331,000 signed up for post-paid connections. iPhone additions were steady from last quarter, with 3.6 million iPhone activations. AT&T has found great success with aggressive marketing of Android phones.
The company is now geared up for the possible merger with T-Mobile. Although this merger is facing some blockage from the Federal Communications Commission and senate members, the management of AT&T is confident of completing the process within the stipulated time.
The said merger would be massive for AT&T as the second and fourth largest wireless companies in the U.S. would create a giant that would outshine current first place holder Verizon.
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