HOME   NEWS   SPECIAL REPORT   PHOTO   COMMENTARY   VOICE   LEARNING CHINESE
NEWS > Technology
AT&T posts 61% second-quarter earnings
2007-07-26 05:07:25 Xinhua English

BEIJING, July 26 (Xinhuanet) -- AT&T Inc. posted a 61 percent increase in second-quarter earnings on Tuesday, lifted primarily by its buyout of BellSouth Corp. The increase was also helped by faster growth in its Internet protocol services and a gain in wireless subscribers.

AT&T, the United State's largest provider of broadband Internet and land and wireless phone services, said net income rose to 2.9 billion U.S. dollars, or 47 cents per share, from 1.81 billion dollars, or 46 cents per share in the prior year's quarter. Wireless subscribers rose by 1.5 million to 63.7 million, AT&T said.

Excluding costs for major acquisitions, the company had earnings of 70 cents a share, up from 58 cents a share, and above the 67 cents a share average estimate of analysts polled by Thomson Financial.

AT&T, which has rebranded the wireless segment from Cingular since it completed the BellSouth buyout, is the sole carrier for Apple Inc.'s iPhone and agreed at the end of the second quarter to acquire rural wireless provider Dobson Communications Corp. for 2.8 billion dollars in cash.

(Agencies)

MORE NEWS
Report: pollution stunts plant growth worldwide  
China to boost environmentally friendly technology  
Digg fires Google, hires Microsoft for online advertising  
Piglet laughs as scientists send in a clone  
China's Baidu.com says 2Q profits, sales more than double  
ConnettU asked to give more evidence against Facebook  
Microsoft, Digg reach advertising deal  
Study: no evidence for mobile phone mast-causing illness  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsˇAor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright © 1996-SINA Corporation, All Rights Reserved