AT&T issued a bullish forecast for the foreseeable future, with Randall Stephenson, its chairman and CEO, stating that “we’re a different company than when we began the year”.
The company has boosted its content proposition through the acquisition of DirecTV, and bought Mexican mobile operators Iusacell and Nextel Mexico, which it said gives it an “unmatched position as an integrated communications and entertainment company.
It is forecasting growth in revenue, adjusted earnings and free cash flow in 2015 and “each of the next three years”. Revenue growth this year will grow in “double digits”, because of the DirecTV deal; after this AT&T is projecting growth “in line with GDP growth or better”.
“We’ve diversified our capabilities, added significant scale in video and mobility, and can now deliver integrated services that set us apart from the competition,” Stephenson said.
AT&T has already announced a package including mobile and TV services following the DirecTV deal. It is also planning to invest $3 billion in infrastructure in Mexico, offering an integrated “North American Mobile Service”.
In a statement, the operator said it is now “the largest pay TV provider in the United States and the world”, providing service to more than 26 million subscribers in the US and more than 19 million in Latin America.
It also has 132 million mobile customers across the US and Mexico.
“With our national retail presence, coast-to-coast TV and mobile coverage, and pervasive broadband footprint, we’re positioned like no other to lead the evolution of video and shape the future of the industry. We have the premier set of assets to redefine TV everywhere and deliver an entertainment experience that is truly unique,” Stephenson said.