Earnings: Alltel Revenues Up 14 Percent; Data Up 70 Percent
By James Quintana Pearce - Fri 19 Oct 2007 07:16 AM PST
Alltel (NYSE: AT) has reported revenues of $2.3 billion for Q307, an increase of 14 percent year-on-year. It reported a net income under GAAP of $283 million, a 51 percent increase, and net income from current businesses increased 21 percent year-on-year to $279 million. Wireless service revenue was $2.1 billion, up 15 percent from a year ago. The good news for Alltel was its data revenue per customer, which increased by 70 percent year-on-year to $6.36—which was also a 13 percent increase sequentially. This appears to have more than offset any decline in voice revenues, with Alltel’s ARPU climbing 4 percent to $55.96. It also added 205,000 customers. This could be the last report for a while, with the buyout of the company by TPG Capital and Goldman Sachs. Alltel shareholders will receive $71.50 per share in cash, if the FCC approves the deal.
