Wednesday, August 3, 2005

Alltel Cites Wireless for Gains in Profitability

Alltel reported quarterly revenues of $2.3 billion, an 11% increase from a year ago. Net income (GAAP) was $402 million, a 53% increase. Net income from current businesses was $284 million, an 8% increase from a year ago.

Wireless revenue was $1.5 billion, a 16 percent increase from a year ago. Segment income was $307 million, a 17 percent increase.

Average revenue per wireless customer was $50.55, a 6 percent increase year-over-year and the highest ARPU in 5 years, driven by improvements in data revenue and quality customer growth. Post-pay churn was 1.58 percent, which was flat year-over-year.

Wireline revenue was $595 million, down 2 percent from the previous year. Segment income was $215 million, an 8 percent decline. The company added 36,000 broadband customers, bringing its total broadband customer base to 319,000. Average revenue per wireline customer was $66.83, a 1 percent increase.

Equity free cash flow from current businesses was $260 million. Net cash provided from operations was $465 million.

See also