AT&T adds 73,000 U-verse TV subscribers in 4Q 2014

DALLAS — AT&T Inc. (NYSE:T) today reported solid fourth-quarter results with adjusted consolidated revenues up 4.5 percent, strong wireless net adds, record postpaid gross adds and upgrades and adjusted wireline revenue growth.

U-verse TV added 73,000 subscribers in the fourth quarter for nearly 6 million in service at the end of the fourth quarter after adjusting for the sale of the Connecticut operations. (The Connecticut wireline properties had about 197,000 U-verse TV subscribers.) More than 97 percent of AT&T’s video customers subscribe to bundled services. Nearly two-thirds of U-verse TV subscribers take three or four services from AT&T. ARPU for U-verse triple-play customers continues to be more than $170. At the end of the quarter, U-verse TV penetration was about 22 percent and U-verse broadband penetration was about 21 percent.

Total U-verse Video Connections (in thousands)

            3/31/13   6/30/13   9/30/13  12/31/13   3/31/14   6/30/14   9/30/14  12/31/14
           --------  --------  --------  --------  --------  --------  --------  --------
Total         4,768     5,001     5,266     5,460     5,661     5,851     6,067     5,943
Additions       232       233       265       194       201       190       216      -124