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AT&T Revenue Gets Lift from DirecTV Acquisition

January 26, 2016

Randall Stephenson, Chairman and CEO of AT&T.Photograph by Saul Loeb — AFP/Getty Images

(Reuters) – AT&T, the No. 2 U.S. wireless carrier, reported a 22.3% rise in quarterly revenue, helped mainly by the acquisition of satellite TV operator DirecTV.

The company’s total operating revenue rose to $42.12 billion in the fourth quarter ended Dec. 31 from $34.44 billion a year earlier.

Net income attributable to AT&T was $4.01 billion, or 65 cents per share (T), compared with a loss of about $4 billion, or 77 cents per share.

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The company is reporting quarterly earnings for the second time since completing its $48 billion acquisition of DirecTV, which made it the world’s biggest pay-TV operator.