AT&T's revenue jumps 24.4 percent on DIRECTV acquisition

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Reuters
Last Updated : Apr 27 2016 | 1:57 AM IST

(Reuters) - AT&T Inc , the No. 2 U.S. wireless carrier, reported a 24.4 percent jump in quarterly revenue, largely helped by the acquisition of satellite TV operator DIRECTV.

Net income attributable to AT&T rose to $3.80 billion, in the first quarter ended March 31, from $3.26 billion.

On a per share basis, net income fell to 61 cents from 63 cents.

The company, which bought DIRECTV for $48.5 billion last year, said total operating revenue rose to $40.53 billion from $32.58 billion

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Sriraj Kalluvila)

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First Published: Apr 27 2016 | 1:47 AM IST

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