Growth Highlighted by Gains in Wireless, Broadband and Enterprise Services
-- $0.57 reported earnings per diluted share, up 26.7 percent versus $0.45 in the year-earlier first quarter
-- $0.74 adjusted earnings per diluted share, up 13.8 percent from $0.65 in the first quarter of 2007
-- $30.7 billion in consolidated revenues, up 6.1 percent versus reported results for the year-earlier first quarter and up 4.6 percent versus first-quarter 2007 revenues adjusted for directory accounting impacts
-- 18.3 percent increase in wireless revenues; wireless data revenues from areas such as Internet access, messaging and media bundles up 57.3 percent
-- 41.7 percent wireless OIBDA service margin, up from an adjusted 38.9 percent in the year-earlier first quarter
-- 13.2 percent growth in broadband revenues; 491,000 net gain in broadband connections in the quarter to reach 14.6 million in service
-- Further step up in enterprise customer growth, with total enterprise revenues up 1.2 percent and enterprise service revenues up 2.1 percent, led by a 22.9 percent increase in revenues from Internet Protocol (IP)-based data services
-- Continued ramp in AT&T U-verse(SM) TV subscriber totals, with a first-quarter net gain of 148,000 to reach 379,000 in service; on track to reach target of more than 1 million subscribers by year-end 2008

AT&T Inc. (NYSE:T) today reported strong first-quarter results, highlighted by a significant ramp in consolidated revenue growth, led by improved results in wireless and enterprise, and further expansion of wireless and consolidated margins. This marked AT&T’s 12th consecutive quarter of double-digit growth in adjusted earnings per share.

“We delivered an excellent first quarter and a solid start to the year,” said Randall Stephenson, AT&T chairman and chief executive officer. “Revenue growth continues to ramp, we have good momentum across key growth areas, major cost initiatives are on track, and our operational results reinforce the confidence we have in our outlook.

“AT&T’s goal is to innovate and lead in a communications world driven by mobility and interactivity,” Stephenson said. “To that end, as we deliver strong earnings and return substantial value to shareowners, we are also taking important steps to expand our networks and product sets to drive continued growth in wireless, broadband and IP-based services.

“AT&T is moving quickly to create the next generation of wireless,” Stephenson said. “The future of wireless has never been more promising, and I am very pleased that through our transaction with Aloha Partners and our successful bids in the recently completed auction, we have assembled the industry’s premier, high-quality wireless spectrum position. This spectrum will provide a terrific foundation for new wireless and integrated services, and it significantly advances AT&T’s long-term growth potential.”

For more information, visit www.att.com/investor.relations