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Earnings reports

Alltel Reports Q3

LITTLE ROCK, Ark. -- Alltel (NYSE: AT) produced double-digit revenue growth and strong customer additions in the third quarter, its first earnings report as a pure-play wireless provider. Alltel reported fully diluted earnings per share under Generally Accepted Accounting Principles (GAAP) of $1.04, a 6 percent increase that includes one-time expenses, amortization of acquired intangible assets and income from the discontinued operations of Windstream. Excluding these items, fully diluted earnings per share from current businesses was 60 cents, an 11 percent increase from the previous year.

“Alltel’s focus on investing in our business paid off this quarter with strong customer growth, a trend our company has enjoyed through the first three quarters of this year,” said Alltel President and CEO Scott Ford. “Our third-quarter growth demonstrates that we are striking the right balance between customer growth and long-term profitability. Our balance sheet also continues to gain strength as our net debt position is now under $1 billion.”

Alltel Corp. (NYSE: AT)

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