Sprint revenue rises
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Sprint Nextel Corp. , the No. 3  U.S. wireless provider, said on Thursday its quarterly revenue  rose as it added new subscribers, while earnings fell after its  acquisition of Nextel.
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Despite a dip in profits, growing revenues from wireless subscribers pushed overall profits above forecasts.
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Operating revenue at Verizon Communications increased 6.7 percent in the third quarter. Its wireless joint venture with Vodafone, Verizon Wireless, accounted for 40 percent of its revenue, with
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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 Nextel's profit rose in the fourth quarter of 2006, but the Reston wireless company continued to lose high-paying customers, executives said yesterday.
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Power company Edison International  said on Wednesday its quarterly earnings rose, helped by higher revenue from its utility arm and higher income from its Edison Capital unit.
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Sprint, the fourth-largest US cell phone operator, has started a $3 billion network upgrade, with $1 billion earmarked for a wireless broadband service to launch soon in selected cities, a Sprint executive said Tuesday.
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Cellular and other wireless telecommunications revenues rose from US&#36;92 billion in 2002 to &#36;104 billion in 2003, an increase of 14 percent, according to a U.S. Census Bureau report.
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Nextel Communications Inc., the sixth largest US mobile company, on Friday said its third-quarter profit rose amid strong customer growth and it raised its earnings forecast for the full year.
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Nokia raised its earnings and revenue forecasts for the current quarter because of growing mobile phone sales, the first glimmer of good news in months for the besieged world leader in mobile phones.
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BellSouth Corp.  on Monday said  second-quarter profit rose, boosted by growth in wireless and  high-speed Internet services.
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Nextel Communications Inc., the sixth largest U.S. mobile company, on Friday said its third-quarter profit rose amid strong customer growth and it raised its earnings forecast for the full year.
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Shares of Sprint Corp.   jumped on Friday as the telephone company continued merger negotiations with Nextel Communications Inc.  for a deal that would combine the No. 3 and No. 5 U.S. wireless service carriers.
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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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Shares of Sprint Corp. and Nextel Communications Inc. jumped again on Friday as the telephone companies continued negotiations on a merger that would combine the No.
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Merrill Lynch reiterated a &quot;buy&quot; rating on Sprint (nyse: FON - news - people ) and raised the target price to $27 from $23.50.
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Top U.S. phone company AT&T Inc.  on Tuesday said its profit and revenue rose, helped by strong growth in its wireless business and its acquisition of BellSouth.