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Cingular profits down

Posted on July 21st, 2005

Cingular reported narrower second quarter earnings associated with a one time charge, the merger with AT&T Wireless. The merger was completed in October 2004 with a total merger integration cost of $204 million during the quarter.

Cingular, United States largest wireless company, successfully added 1.1 million new subscribers in the same quarter, briniging the number of total subsribers to 51.6 million.

Reported Q2 numbers:

  • Revenue 8.6 billion, 5.4 percent increase from the same quarter a year ago
  • Total earnings excluding the cost of the merge $317 million
  • Total earnings including the cost of the merge $147 million, 56.6 percent decline from the same quarter 2004

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