Sunday, July 23, 2006

Cingular Adds 1.5 Million Subs, Reaches 57.3 Million Total

Cingular Wireless added 1.5 million net new customers during the second quarter of 2006 and served a total of 57.3 million subscribers at the end of June.

Some highlights:

  • Postpaid customer additions were more than 1.0 million for the quarter, a 9.2 percent year-over-year improvement.

  • Overall monthly subscriber churn for the quarter was a record-low 1.7 percent and postpaid churn was also the lowest- ever at 1.5 percent.

  • Q2 revenues were $9.2 billion, an improvement of 7.1 percent over the same quarter a year ago and up 2.7 percent sequentially.

  • Average revenue per user (ARPU) improved sequentially in the quarter to $48.84, but declined 3.3 percent from the year-ago second quarter. The year-over-year decline in ARPU is primarily the result of the increase in the number of lower ARPU wholesale customers in Cingular's base.

  • Retail subscriber ARPU improved year-over-year on growth of data services. Data ARPU continued its growth trajectory in the second quarter of 2006, increasing 38.7 percent to $5.77 year-over-year and up 10.5 percent sequentially.

  • For the second quarter of 2006, normalized operating income before depreciation and amortization (OIBDA) margin was 32.6 percent, up 370 basis points compared to the second quarter of 2005.


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