Buyout, wireless strength lift AT&T |
| USA Today - Jul 24, 2007 |
AT&T posted a 61% increase in second-quarter earnings Tuesday, lifted primarily by its buyout of BellSouth but also aided by gains in wireless subscribers and revenue.
AT&T, the nation's largest provider of broadband Internet and land and wireless phone services, said net income rose to $2.9 billion, or 47 cents a share, from $1.81 billion, or 46 cents a share in the prior year's quarter. Wireless subscribers rose 1.5 million to 63.7 million, AT&T said.
A fraction of thats growth during the quarter was driven by the introduction of Apple Inc.'s iPhone, for which AT&T is the exclusive carrier. The device, which combines phone, media player and Web-surfing capabilities, went on sale less than two days before the end of the quarter, but in that time, 146,000 iPhones were activated, AT&T said.
Read Full Article from USA Today
- Posted: 2007-07-24 11:51:55
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