While AT&T may be boasting about the wireless side of the business in its 2Q results, Ma Bell 2.0 is still very dependent on its copper cables.
True, wireless revenue has been doing the growing, rising to $14.1 billion over the last three months and 7% ahead of last year’s numbers.
Other good news: AT&T claims over 3.5 million iPhone activations this past quarter, in spite of sharing this market with its cousin, Verizon.
Bottom line: AT&T’s operating income for wireless this past quarter was over $4 billion, compared to the wired side’s “mere” $2 billion.
As carriers and the FCC currently review pulling the plug on POTS, it’s a good time to look again at all the revenue that remains in voice and POIS (Plain Old Internet Service). Continue reading