Cingular posts profit on subscriber growth
Biggest U.S. mobile servicer provider posts second-quarter profit as revenue rises on strong subscriber growth.
Cingular Wireless, the biggest U.S. mobile provider, posted on Wednesday a second-quarter profit as revenue rose on strong subscriber growth.
The venture of SBC Communications and BellSouth posted earnings, excluding AT&T Wireless merger-related integration costs, of $317 million. That compares with a loss of $152 million a year earlier.
Cingular reported on a pro forma basis that assumes it had owned AT&T Wireless in both of those quarters. The two companies merged last year.
Revenue grew to $8.6 billion from a pro forma $8.2 billion a year earlier. The wireless provider added 1.1 million customers compared with average estimates for 1.2 million from four analysts contacted by Reuters.