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View Full Version : Cingular Triples Its Second-Quarter Profit And Adds 1.5 Million To Subscriber Base


Rocco Augusto
07-21-2006, 06:36 PM
<div class='os_post_top_link'><a href='http://mobileanalystwatch.blogspot.com/2006/07/cingular-triples-its-second-quarter.html' target='_blank'>http://mobileanalystwatch.blogspot.com/2006/07/cingular-triples-its-second-quarter.html</a><br /><br /></div>"<i>Investor's Business Daily reports that "Cingular Wireless tripled its second-quarter profit to $540 million as customer disconnects fell to an all-time low. According to the article, Cingular earned $540 million last quarter, up from $147 million in the year-earlier quarter. The carrier added '1.5 million subscribers, raising its customer count to 57.3 million. Verizon Wireless has 53 million customers.</i>'"<br /><br /><img src="http://www.smartphonethoughts.com/images/Cingular.jpg" alt="User submitted image" title="User submitted image"/><br /><br />1.5 million new subscribers! It doesn't sound like a lot when you compare it to the 57.3 million total subscribers but 1.5 million is a accomplishment in its own right. Even if every single person that lives in Portland and Seattle, the two big cities here in the Pacific NW, go out and buy a Cingular handset you would still be about 400,000 subscribers shy of 1.5 million. As Cingular starts lighting up new UMTS/HSDPA towers in more major metropolitan areas I would expect to see these numbers skyrocket even higher!

Kris Kumar
07-22-2006, 03:20 AM
I am glad I switched to Cingular. The coverage is great and haven't had any dropped calls.

The official press release. (http://cingular.mediaroom.com/index.php?s=press_releases&amp;item=1618)

The financial presentation [PDF]; (http://library.corporate-ir.net/library/12/125/125269/items/205707/Cingular_Q22006_EarningsPresentation.pdf) plenty of charts and graphs to interpret the earnings. Also shows the AT&amp;T / Cingular cell tower integration and billing system integration progress.

Rocco Augusto
07-22-2006, 09:34 AM
nice find!

im so glad i dont have to look at those reporting templates anymore :)