AT&T revenue up on BellSouth acquisition
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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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Cingular Wireless, the No. 1 U.S.  mobile service provider, said on Thursday second-quarter net  income and revenue rose as it added new subscribers at a rate  that was better than expected.
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The $5 price hike will affect the states where it acquired new customers through its buyout of BellSouth.
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AT&T Inc.  said on Tuesday that  it would spend more than $750 million in 2007 to expand its  global communications network for corporate customers, an 89  percent rise from last year, as companies increasingly do  business abroad.
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Alltel Corp.  on Tuesday posted better-than-expected profit and revenue as the rural wireless provider attracted new subscribers, and shares rose more than 2 percent in early trading.
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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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Sold a lot of iPhones in two days AT&amp;T is celebrating after posting another strong quarter - bringing in $29.5bn in revenues and making reported net profit of $2.9bn, up from $1.8bn last year on revenue of $15.8bn.â¦
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AT&T Corp. T.N, the No. 4 U.S.  telephone company, said on Thursday its fourth-quarter earnings  increased as it cut costs through slashing jobs and lower  equipment expenses.
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AT&T  posted a higher quarterly profit as strength in its wireless business offset weakness in traditional consumer services.
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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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Sprint Corp., which will become one of the largest U.S. wireless telephone providers with its acquisition of Nextel Communications Inc., on Thursday said fourth-quarter earnings rose as operating revenue surged 16 percent from last year.
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Verizon Communications Inc  said  on Monday its quarterly revenue rose due to strong wireless  subscriber growth, although profit fell after merger-related  costs and other items.
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Top U.S. telecommunications service  provider AT&T Inc.  on Tuesday reported a rise in  quarterly profit and revenue, helped by growth in wireless and  Internet subscribers.
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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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U.S. Federal Communications  Commission Chairman Kevin Martin has proposed the agency  approve AT&T Inc.'s  acquisition of BellSouth Corp.   without any conditions, sources familiar with the  matter said on Friday.
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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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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  as it cut costs by slashing jobs and from a benefit related to  a prior writedown of assets.