The country’s third largest airline reported a very strong first quarter for 2021
In addition to the 595,000 net additions for postpaid phones, AT & T reported 823,000 net additions for postpaid phones and 207,000 net additions for prepaid phones. Yes, it was a good quarter for AT&T and postpaid phone churn was 0.76% (down 10 basis points from 0.86% last year). Mobility revenue reached $ 19 billion in the three months, representing an annual gain of 9.4%. Service revenue rose 0.6% to $ 14 billion and was led by higher-priced smartphones. Device sales increased 45.2% year over year to $ 5 billion.
For the first quarter, the wireless operator announced that operating income rose 3.7% annually to $ 6 billion. The operating profit margin was 31.5% after 33.3% in the first quarter of last year.
T-Mobile, which has been on the rise for a long time, is slated to release its first quarter results on May 5th. T-Mobile has led the industry in expanding the cellular network for postpaid phones for 28 consecutive quarters. Will the series continue? We’ll know in about two weeks.