2 edits | Wireless income up huge; wired down moderately As more and more people switch to a wireless communication method and drop a wired connection, the results are seen in these quarterly profit reports. Verizon yesterday and AT&T today.
AT&T's wireless net income was up 58% year over year and wired net income was down 7%. When the two modes are combined the increase in net income year over year was 7.7%
»www.att.com/Investor/Financial/E···4Q08.xls
»www.att.com/Investor/Financial/E···4Q08.xls
Wireless gross income is 25% of revenues while
wired gross income is only 16% of revenues. So mostly unregulated wireless traffic is more profitable.
As wireless connections, which are mostly unregulated unlike wired connections, continue to grow profits should increase for the telcos. This depends, of course, on whether the new administration in Washington continues the policy of light regulation of wireless communications.
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| Well, I would say that and increase of 7.7 % isn't too shabby in these days and times. |
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| reply to fAcEtIOUs
Take note all you people that continuously argue concerning the big monopolies earnings.
AT&T had $23.6 billion in profit in 2008. As I have said numerous times..... they can pay cash for rolling out fiber to the home over every single customer in their service areas. Like they should be doing. |
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1 edit | And they can also afford to not implement 10GB bandwidth caps. |
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| reply to Skippy25
said by Skippy25:Take note all you people that continuously argue concerning the big monopolies earnings. AT&T had $23.6 billion in profit in 2008. As I have said numerous times..... they can pay cash for rolling out fiber to the home over every single customer in their service areas. Like they should be doing. not exactly - they also owe $172 billion, which they have to pay off someday. |
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