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AT&T's revenue jumps 24.4 pct on DIRECTV acquisition
A woman looks at her mobile next to AT&T logo during the Mobile World Congress in Barcelona, Spain February 25, 2016.
Reuters/Albert Gea/File Photo
AT&T Inc (T.N), 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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