AT&T said it added 789,000 postpaid phone net additions and 1,156,000 postpaid net adds across devices. AT&T's mobility unit delivered operating income of $6 billion. Like Verizon, AT&T is seeing a pop from equipment revenue.
Jeffery McElfresh, CEO of AT&T Communications, said:
We've been able to achieve and sustain taking share in multiple segments. It's across the board. It's not in any one particular segment. We're growing in consumer. We're growing in small business. We're growing with our FirstNet position. We're growing in enterprise.
On the broadband front, AT&T said it added 246,000 AT&T Fiber net additions with broadband revenue up 8.3%.
As for the outlook, AT&T said revenue growth for 2021 will be in the 2% to 3% range with adjusted earnings to grow in the low- to mid-single digit range. AT&T is also about to close a divestiture of DirecTV and that will cut 2021 revenue by $9 billion and EBITDA by $1 billion. The DirecTV sale will generate cash by about $7.8 billion.