“And we continue to expect full-year free cash flow of $16 billion plus.”

In context

“rowth in mobility and consumer wireline businesses, which continues to more than offset secular pressure on business wireline. As a reminder, beginning with our first quarter results, adjusted EPS and free cash flow exclude DIRECTV. Adjusted EPS was $0.51 in the quarter, which was $0.03 higher than the prior year when excluding DIRECTV. First quarter free cash flow was $3.1 billion, which was up more than $350 million on a comparable basis. First quarter capital investment of $4.5 billion was slightly lower year over year due to lower vendor financing payments reflecting the good progress made in reducing these balances for the past couple of years. For the second quarter, we expect capital investment in the $4.5 billion to $5 billion range, and free cash flow of approximately $4 billion. And we continue to expect full-year free cash flow of $16 billion plus. Now let's look at the trends we are seeing in our mobility business on slide six. Our mobility business delivered solid results to start the year, growing both revenues and EBITDA in a wireless market that remains both healthy and competitive. Total mobility revenues were up four point seven percent year over year with service revenues up four point one percent. Service revenue growth was primarily driven by strong customer growth, including three hundred and twenty-four thousand postpaid phone net adds as well as continued postpaid phone ARPU growth. Postpaid phone gross adds increased by about thirteen percent year over year, which more than offset a normalizing trend in churn. Postpaid phone churn of zero point eight three percent was up eleven basis points from the first quarter last”