AT&T Posts $3.9B Loss in Q4
DALLAS -- AT&T Inc. (NYSE:T) today reported fourth-quarter results highlighted by strong wireless revenue growth, record smartphone sales, the highest postpaid net adds in three years and accelerating consumer wireline revenue growth thanks to U-verse services. "We had an excellent 2012," said Randall Stephenson, AT&T chairman and chief executive officer. "We grew revenues, increased adjusted earnings per share by 8.5 percent and generated cash from operations at record levels. We used this cash to invest aggressively in the future of our business and returned $23 billion to shareowners through dividends and share repurchases. "Looking ahead, our key growth platforms — mobile data, U-verse and strategic business services — all have good momentum with a lot of headroom," Stephenson said. "We're off to a strong start executing Project VIP, our plan to expand our high-growth platforms to millions more customers, and our 4G LTE network deployment is ahead of schedule, delivering outstanding performance." AT&T Inc.