Top Stories
_____________________________________________
 Fat Jump Pro (By SID On)Developer: SID On Price: $0.99 Version Reviewed: 1.2 Download: here Requirements: Compatible with iPhone, iPod touch, and iPad.Requires iOS 4.0 or later. Located in the Warsow,Poland-SID on an independent mobile application developer has announced a recent update of Fat Jump Pro for the iPhone,iPad and iPod touch.Fat Jump Pro is a fast paced vertical arcade action for the iOS devices.Using the tilt controls the player must guide the jumping,little green hero (a healthy and crispy cucumber) up a never ending series of platforms... |
|
Latest Stories
______________________________________________
Thursday 26 January 2012
AT&T posts loss on breakup fee, benefit plan costs
Do you like this story?
Though smartphone sales were strong, AT&T on Thursday reported a net loss in the fourth quarter of 2011 due to extraordinary charges, including a breakup fee for the thwarted merger with T-Mobile USA.
AT&T’s loss for the quarter was $6.7 billion due to $13.4 billion in one-time charges, including $4.2 billion in charges for ending its bid to acquire rival mobile carrier T-Mobile USA.
AT&T also reported a $6.3 billion charge for its benefit plan costs and $2.9 billion for asset impairments during the quarter. The company had revenue of $32.5 billion for the quarter, up from $31.4 billion for the fourth quarter of 2010.
AT&T announced in December it would charge a $4 billion merger breakup fee during the quarter, after it withdrew its offer to purchase T-Mobile.
AT&T reported net income of $1.1 billion in the fourth quarter of 2010. Excluding one-time items, AT&T’s operating income for this past quarter was $4.4 billion, compared to $5.6 billion in the fourth quarter of 2010.
The loss per share for the quarter was $1.12. AT&T’s earnings per share, excluding one-time items, was $0.42, compared to $0.55 for the fourth quarter of 2010. Analyst expectations for the quarter were $0.43.
Nevertheless, AT&T officials called their results strong. It was a “blowout quarter for sales,” Randall Stephenson, the company’s chairman and CEO, said in a statement.
Stephenson used a conference call Thursday to rip into the U.S. Federal Communications Commission for failing to provide more spectrum for mobile carriers. The FCC’s staff opposed the company’s failed acquisition of T-Mobile, which would have given AT&T more spectrum.
The mobile industry continues to see “explosive” mobile broadband growth, but the FCC and Congress have not made good on promises to open up spectrum, he said. “This growth cannot continue without more spectrum being cleared and brought to market,” he said. “Despite all the speeches from the FCC, we’re all still waiting.”
The FCC has made it “abundantly clear” it won’t allow major mergers to bridge the spectrum gap, Stephenson added. “Even the smallest and most routine spectrum deals are getting intense scrutiny from this FCC,” he said. “I hope I’m wrong, but it appears the FCC is intent on picking winners and losers, rather than letting these markets work.”
In the absence of more spectrum, AT&T will consider more use-based data plans, higher prices and managing speeds of its largest bandwidth users, Stephenson said.
The fourth quarter was the best one ever for smartphone activations, with sales of 9.4 million devices, the company said. AT&T activated 7.6 million iPhones and added 2.5 million mobile customers during the quarter. The company’s smartphone sales during the quarter were nearly double its sales during the third quarter, the company said.
Apple introduced the new iPhone 4S in early October.
AT&T’s mobile revenue was $16.7 billion for the quarter, up 10 percent from a year ago. Mobile data revenue grew by 19.4 percent year over year.
AT&T’s wireline division posted revenue of $14.9 billion, down 1.4 percent.
AT&T added 208,000 U-verse television customers during the quarter, to reach 3.8 million customers. The company’s U-verse high-speed broadband service added 587,000 customers in the quarter to reach 5.2 million, but losses in DSL customers offset those gains. Overall, the company lost 49,000 wireline broadband customers during the quarter.
For the full year, AT&T reported net income of $3.9 billion, compared to $19.9 billion in 2010. Revenue was up slightly, from $124.3 billion in 2010, to $126.7 billion in 2011.
Via:Macworld
This post was written by: Irfan Jam
Irfan Jam is a professional blogger, web designer and front end web developer. Follow him on Facebook
Subscribe to:
Post Comments (Atom)
0 Responses to “AT&T posts loss on breakup fee, benefit plan costs”
Post a Comment