Frost & Sullivan has named AT&T (NYSE: T) U-verse TV the "2013 Video Company of the Year," marking a return to the top for the service which last won the award in 2009.
The nation's largest IPTV service provider was cited for its accomplishments in "growing market share in a hyper-competitive market," by Frost & Sullivan Information and Communications Technologies analyst Gina Villanueva.
"It's noteworthy that AT&T continues to consistently thread the need of consumer expectations, remain innovative and grow market share," she added in an AT&T press release.
As of the first quarter of this year, U-verse logged in at 4.8 million subscribers, making it "the fastest growing TV provider in the U.S.," according to AT&T in the press release. The service added 709,000 in 2012 and in the first quarter reported annualized total revenues of about $10.8 billion.
AT&T will continue to add features and markets for the service, said Mel Coker, chief marketing officer for AT&T Home Solutions.
"We plan to continue to enhance the customer experience with TV apps, multi-screen content and other features," she said in the press release.
Those enhancements will no doubt be part of the carrier's announced Project Velocity IP (VIP) effort to spend multiple billions of dollars to expand and enhance wireless and wireline broadband networks throughout the AT&T footprint.
For more:
- see the press release
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