Cingular Profit Surges, Lifting AT&T Shares

[Rocco Augusto]

<div class='os_post_top_link'><a href='http://www.eweek.com/article2/0,1759,2087012,00.asp?kc=EWRSS03119TX1K0000594' target='_blank'>http://www.eweek.com/article2/0,1759,2087012,00.asp?kc=EWRSS03119TX1K0000594</a><br /><br /></div><i>"AT&amp;T Inc.'s Cingular Wireless, the No. 1 U.S. mobile phone service by customer base, on Wednesday said quarterly profit nearly quadrupled, boosted by customer growth that beat Wall Street estimates. AT&amp;T, which took full control of Cingular when it bought BellSouth last month, saw its shares rise $1.24, or 3.5 percent, to $36.60 in morning trading on the New York Stock Exchange... Cingular said fourth-quarter profit rose to $782 million from $204 million a year ago. Revenue was up 10.2 percent to $9.8 billion."</i><br /><br />It is always good news to here that one of the biggest US carriers of Windows Mobile devices is doing well. With all of that money though, I'm surprised there are still a large number of markets without 3G coverage. ;)

[Kris Kumar]

It is good to see Cingular getting more subscribers and also good numbers on the revenue. Hopefully this will translate into 3G coverage instead of Cingular -> AT&amp;T advertisements.

[Jerry Raia]

there are still a large number of markets without 3G coverage. ;)

No kidding. It fries me that it is still not in my area, though I am seeing the '3G' pop up on my BlackJack more and more as I roll through town.

[Rocco Augusto]

No kidding. It fries me that it is still not in my area, though I am seeing the '3G' pop up on my BlackJack more and more as I roll through town.

thats awesome, i was starting to worry LA just wasn't going to receive any 3G love :)

[Jerry Raia]

It is definitely spreading around, just today I found it in an area not previously covered.