American multinational telecommunication giant AT&T has recently declared its revenue earned from the first quarter of this year. The company has witnessed a sharp rise of 2.5% in quarterly core wireless revenue. According to the company, its revenue has risen from $29 billion a year earlier to $29.7 billion this year in the first quarter.

There has been a constant rise recorded for high-speed internet services in the USA region. People are extensively upgrading their home networks for educational, entertainment, and general utility purposes. Plus, AT&T’s efforts to rapidly expand fiber internet and 5G services are touted as the core reasons behind this optimistic outlook.

AT&T is one of the largest telecommunications in the entire world and is recognized as the largest provider of mobile telephone services in the USA. The company is known for its world-class satellite television, fixed-line telephones, mobile telephones, and internet services.

Despite doing good in its core wireless business the company witnessed a sharp decline in its overall revenue, almost 13% due to stiff competition from peers and some prevailing challenges in its business unit.

Recently, the company also announced to double its monthly high-speed data allotment from 8 GB to 16 GB without making any changes to its pricing. This benefit will be offered to customers opting for its prepaid services.

Warner Bros. Discovery impressively added 691,000 monthly phone bill-paying subscribers in the first quarter. HBO and HBO Max also collectively added 3 million subscribers from the previous quarter. Business experts are now keeping a close eye on how this telecom giant makes its next moves to create a difference in the industry.