AT&T Profit Surges 41%, With Help From iPhone

The Apple iPhone has raised AT&T’s fortunes.

The phone company said yesterday that its third-quarter net income rose 41 percent as the cellphone helped bring in new customers.

AT&T’s wireless unit added two million subscribers in the third quarter, an increase of 47 percent, for a total of 65.7 million subscriptions. The wireless growth offset a 4.7 percent loss of the San Antonio company’s landline customers.

“We had an excellent quarter in wireless growth,” Richard Lindner, AT&T’s chief financial officer, said in a conference call with analysts.

Read Full Article from New York Times

- Posted: 2007-10-24 10:20:44

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