BellSouth's Cingular Pursuit
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The nation's leading regional phone company is resting growth hopes on its Cingular Wireless venture.
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The wireless-infrastructure leader is connected to a profitable future.
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Now that the purchase of AT&amp;T Wireless is complete, Cingular Wireless&#39; new status as the nation&#39;s biggest cell phone provider may prove fleeting if the merged company doesn&#39;t move quickly.
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AT&amp;T&#160;reported net income of $3.1 billion for the third quarter of 2007, up from $2.2 billion a year earlier, largely due to its&#160;acquisition of BellSouth.AT&amp;T nearly doubled its revenue from a year ago, going from $15.6 billion to $30.1 billion, but those 2006 numbers don&#39;t factor in the BellSouth acquisition and revenue from Cingular Wireless, which AT&amp;T and BellSouth co-owned. The BellSouth deal closed Dec. 29, 2006.AT&amp;T&#39;s revenue was up 3.2 percent from the combined revenue from AT&amp;T, BellSouth, and Cingular in the third quarter of 2006. Comparable earnings per share were $0.50 compared to $0.56 the third quarter of 2006.AT&amp;T&#39;s adjusted third-quarter earnings, which exclude costs and accounting effects associated with the acquisition, were $4.3 billion, or $0.71 per diluted share, up from $2.4 billion, or $0.63 per diluted share, in the third quarter of 2006.AT&amp;T&#39;s third-quarter results were &quot;excellent,&quot; Randall Stephenson, AT&amp;T chairman and CEO, said in a statement. Stephenson cited growth in wireless, broadband, and U-verse TV customers as the reason for a strong quarter.AT&amp;T&#39;s renamed wireless division saw an increase in 2 million customers in the quarter, the company said. The company&#39;s wireless division now has 65.7 million subscribers.AT&amp;T&#39;s merger integration efforts are on schedule, the company said, and cost savings are running ahead of the original estimates. In the first three quarters of 2007, cost savings from the BellSouth merger were about $2.8 billion, and AT&amp;T expects those savings to reach more than $3 billion for the year.Wireless data revenue increased 63.9 percent from last year, driven by increases in consumer and business data usage, including messaging, media bundles, laptop connectivity, and smart phone connectivity, AT&amp;T said.In the broadband space, AT&amp;T&#39;s connections, including DSL (Digital Subscriber Line), AT&amp;T U-verse, and satellite broadband services, increased by 499,000 in the quarter to reach 13.8 million. That&#39;s up 2.2 million, or 18.6 percent, over the past year.
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Company pursuing different wholesale access rates to its local phone network for Net phone providers.
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The state Public Utilities Commission also ordered Cingular, a joint venture of SBC Communications and BellSouth, to pay refunds to thousands of customers who were forced to pay up to $550 in fees to cancel their service from January 2000 to April 2002.
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Despite a recent court victory for the area&#39;s largest telecommunications company, the battle for your home phone service isn&#39;t about to end.
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KANSAS CITY, Mo. -- The nation&#39;s second-largest cable company also wants to be your cellphone provider. Time Warner Cable and Sprint are confirming that they are discussing a deal that would allow the cable
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The enterprise customers doing cell-phone business with the confusing mix of AT&amp;T Wireless, Cingular Wireless, and AT&amp;T now have a future roadmap, after the three companies
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Cingular, the largest mobile phone operator in the US, is to launch a high-speed third generation (3G) network from next year. Mobile phone firms have been seeking new areas to boost revenue - and Cingular&#39;s
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Wireless carriers look beyond home markets for new growth.
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SBC Communications Inc.  will use its growing roster of public Wi-Fi access points as a springboard for Cingular Wireless services, including advanced phones and voice services using Internet technology.
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Cingular Wireless, which yesterday finalized its purchase of AT&amp;T Wireless, said the company will be governed from four regional centers -- one of them in Redmond -- by a combination of its executives and those from AT&amp;T Wireless.
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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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Cingular, the largest US mobile phone operator, is to launch a high-speed third generation (3G) network.
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T-Mobile is testing a service that combines VoIP and cellular access in hopes of catching up with its competitors.
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BellSouth Corp. BLS.N, the No. 3  U.S. telecommunications company, on Tuesday said its  fourth-quarter operating earnings fell due to lower profits  from its stake in Cingular Wireless and higher costs in its  wireline telephone business.