I just read an article in Multichannel News claiming AT&T added more than 100,000 DirecTV subscribers and estimated at least 95,000 Dish Network subscribers were lost during 2Q. Although Dish Network was expected to pickup 25k new customers due to the digital TV conversion, this news cannot bode well for Dish Network's 2Q numbers given that FiOS TV is expected to post net additions in the 300k range, U-Verse already posted adding 248k subscribers, and DirecTV is expected to post 243k net adds. I read through AT&T's 2Q report and there was no breakout of their satellite video customers. Anyway, Dish Network's 2Q numbers should be very interesting.
Source
"AT&T added more than 100,000 DirecTV subscribers in the second quarter -- indicating that the telco shed nearly the same number of Dish Network subs.
AT&T chief financial officer Rick Lindner, on a conference call Thursday with analysts, said the "DirecTV partnership is going well" and resulted in more than 100,000 subscribers for the period.
Overall, AT&T reported 2.210 million satellite video subscribers, up 5,000 sequentially. That suggests the telco saw at least 95,000 Dish customers drop their service in the period.
The telco's agreement with Dish expired Jan. 31, after AT&T decided to exclusively offer DirecTV in areas it does not provide its own U-verse IPTV service.
Analysts have expected the AT&T bundling deal to contribute to a strong second quarter for DirecTV. Credit Suisse, in a report Thursday before AT&T announced quarterly results, said it expects DirecTV to post total net adds of 243,000 for Q2. DirecTV added 570,00 net new subscribers in the first three months of the year, its best quarter in four years.
In the second quarter, AT&T added 248,000 U-verse TV subscribers, to stand at 1.577 million. That makes AT&T the 10th-largest pay-TV provider in the U.S., after the six biggest MSOs, DirecTV, Dish and Verizon FiOS."
Full Article
Source
"AT&T added more than 100,000 DirecTV subscribers in the second quarter -- indicating that the telco shed nearly the same number of Dish Network subs.
AT&T chief financial officer Rick Lindner, on a conference call Thursday with analysts, said the "DirecTV partnership is going well" and resulted in more than 100,000 subscribers for the period.
Overall, AT&T reported 2.210 million satellite video subscribers, up 5,000 sequentially. That suggests the telco saw at least 95,000 Dish customers drop their service in the period.
The telco's agreement with Dish expired Jan. 31, after AT&T decided to exclusively offer DirecTV in areas it does not provide its own U-verse IPTV service.
Analysts have expected the AT&T bundling deal to contribute to a strong second quarter for DirecTV. Credit Suisse, in a report Thursday before AT&T announced quarterly results, said it expects DirecTV to post total net adds of 243,000 for Q2. DirecTV added 570,00 net new subscribers in the first three months of the year, its best quarter in four years.
In the second quarter, AT&T added 248,000 U-verse TV subscribers, to stand at 1.577 million. That makes AT&T the 10th-largest pay-TV provider in the U.S., after the six biggest MSOs, DirecTV, Dish and Verizon FiOS."
Full Article
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