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Welcome to Faulkner's Telecom Daily. We publish Monday through Friday, updating top stories as events warrant. If you would like to receive Telecom Daily emailed daily to your desktop, please click here: TelDailyEmail.

Thursday, April 27...

AT&T Shows Declines in Revenue, Profits for Q1 2017
AT&T published its financial results for the first quarter of its 2017 fiscal year. The company's revenue for the period was $39.36 billion, down slightly from the $40.54 billion brought in during the first quarter of the previous year. Net income fell in a similar fashion, dropping, year over year, to $3.47 billion from its year-ago perch at $3.8 billion. This produced earnings per share of $0.56, compared to the $0.62 billion earned one year ago. AT&T also reported fairly strong customer growth for its wireless division, which saw branded net additions totaling 738,000. The company's other segments were not as productive, with its Broadband business showing a net addition of just 90,000 subscribers, and its Video services losing a net total of 142,000. On these results, the company posted updated guidance for its 2017 EPS growth in the "mid-single digit range".

Verizon Wireless Launches $80 Unlimited Prepaid Plan
Verizon Wireless introduced a new unlimited plan targeting its prepaid customers. The just-released offering provides them with unlimited talk, text, and data for $80 per month. As with most "unlimited" plans, this one comes with a selection of restrictions, including a limit of 480p resolution on video streams, a lack of tethering support, and the possibility that users on this plan will be de-prioritized "during times/places of network congestion." However, if none of that is a deal-breaker, subscribers will also gain access to free texting in 200 countries across the world, as well as free unlimited talk from Canada and Mexico. The new subscription is available now to all customers, including, for the first time, subscribers in Alaska. More information about it and Verizon's other prepaid subscriptions can be found at their Web site.

Comcast Brings DOCSIS 3.1-Based Gigabit Broadband to Utah
Comcast announced that it is bringing its 1Gbps broadband services to customers across the state of Utah. The new installation will utilize the company's DOCSIS 3.1 technology to provide the 1Gbps speeds over the existing Comcast infrastructure in the region. As with previous upgrades of this type, customers will be required to replace their broadband modems with a model that supports DOCSIS 3.1 and is capable of transmitting at 1Gbps speeds. The price for the new service for customers in Utah will be $159.99 without a contract. However, Comcast noted that it will test two promotional prices across the state: one $70.00 per month offer for customers in Provo, Salt Lake City, and North Ogden and another $109.99 offer for subscribers in the rest of the state. More information about the rollout is available at Comcast's 1Gbps services Web page.

... Michael Gariffo, Faulkner Information Services

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