Sponsored By

AT&T, Verizon Stack Up Subs

Healthy subscriber numbers add up for both AT&T and Verizon Wireless in Q2

Dan Jones

July 23, 2008

1 Min Read
AT&T, Verizon Stack Up Subs

Wireless subscriber growth continued during the second quarter for AT&T Inc. (NYSE: T) and Verizon Wireless , tracking results similar to what they saw in the first quarter.

AT&T reported today that it added over 1.3 million net wireless subscribers in the quarter, helping to maintain its lead as the No. 1 U.S. cellular operator, with 72.9 million users in total. Of these, 894,000 were monthly subscribers as opposed to pay-as-you-goers.

That made wireless a bright spot again for AT&T, with a 15.8 percent gain in revenues to reach $12 billion. Wireless data revenues in particular grew 52 percent to $2.5 billion. (See AT&T Hits 550K IPTV Subs.)

Meanwhile, Verizon Wireless added 1.5 million subscribers in the second quarter this year, bringing its total customer base to 68.7 million. (See Verizon Adds 1.5M Subs.)

That subscriber base could exceed 80 million -- surpassing AT&T -- once Verizon buys Alltel Corp. (NYSE: AT), a deal expected to close by the end of the year. (See Vodafone Confirms $28.1B Alltel Takeover.)

The real question will be whether third-ranked player Sprint Corp. (NYSE: S) can up its game. Sprint lost more than 1 million customers in the first quarter. The operator is due to report its second quarter on Aug. 6. (See Sprint Bleeds Cellular Customers.)— Dan Jones, Site Editor, Unstrung

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like