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.

See also