SBC profit zooms; signs Alcatel deal
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More long-distance and high-speed Internet access customers led to a 72 percent jump in third-quarter profit for SBC Communications Inc.
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Alcatel-Lucent reported higher sales but a net loss for the fourth quarter due to a big writedown in its CDMA (code division multiple access) and IP (Internet protocol) multimedia services businesses.
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South Korea's LG Electronics said its net profit surged 130 percent to 1.48 billion dollars on record sales last year, although a weak dollar slowed fourth quarter performance.
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SBC Communications Inc.,  the No. 2 U.S. telecommunications company, said on Wednesday its fourth-quarter earnings fell 17 percent, hurt by merger-related costs at its Cingular Wireless joint venture and one-time charges for job cuts and pension changes.
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SAN ANTONIO -- AT&T Inc. posted a 61 percent increase in second-quarter earnings on Tuesday, lifted primarily by its buyout of BellSouth Corp. but also aided by faster growth in its Internet protocol services and by a gain in wireless subscribers.
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SBC Communications  will offer a high-speed Internet connection for &#36;19.95 per month to new customers who buy a top-line calling plan and sign a one-year contract, the company said on Wednesday.
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Cingular Wireless, the mobile venture of SBC Communications Inc.  and BellSouth Corp. , said on Monday revenue rose in the fourth quarter on strong subscriber growth.
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The wireless-gateway maker expands its all-important SBC deal--but the clock may be ticking.
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SBC Communications will offer a high-speed Internet connection for $19.95 per month to new customers who buy a premium calling plan and sign a one-year contract, the company said on Wednesday.
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AT&T Inc  on Thursday posted a  higher quarterly profit as strength in its wireless business  offset weakness in traditional consumer services.
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SBC Communications Inc. has agreed to acquire AT&T Corp. in a $16 billion deal that would create the nation's largest communications company, the companies said early Monday.
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SBC Communications SBC.N on  Thursday reported a higher third-quarter profit due to a gain  from the sale of a directory business.
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Cingular Wireless, the mobile venture  of SBC Communications Inc. SBC.N and BellSouth Corp. BLS.N,  said on Monday revenue rose in the fourth quarter on strong  subscriber growth.
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Top telecommunications service  provider AT&T Inc.  on Tuesday said its profit and revenue  grew on an adjusted basis, helped by strong growth in its  wireless business.
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SBC may well capitalize on AT&T's name, ready cash and long distance network.
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U.S. telecom carriers Sprint (NYSE: FON) and SBC Communications (NYSE: SBC) have announced a reciprocal deal, under which their customers will be able to use both companies' wireless Internet connections more easily.
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SBC Communications  on Thursday reported a higher third-quarter operating profit as growth in sales of long distance and high-speed Internet service outweighed declines in local phone customers.