GROWTH WIRELESS!!!!!!!!!!
Wireless subscribers are growing across the board. Carrier, both INSP clients and not, are reporting strong wireless growth.
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biz.yahoo.com
BellSouth Reports Third Quarter Earnings
* DSL customers increase to 463,000 * Data revenues grow nearly 28 percent * Data revenues exceed $1 billion for third consecutive quarter
ATLANTA, Oct. 18 /PRNewswire/ -- BellSouth Corporation (NYSE: BLS - news) reported normalized earnings per share (EPS) of 56 cents in the third quarter of 2001, before the impact of special items. Normalized EPS included a 3-cent reduction related to foreign currency losses. Without that impact, normalized EPS would have been 59 cents. Normalized EPS in the third quarter of 2000 was 55 cents.
Data, Broadband, Internet
Third quarter data revenues exceeded $1.1 billion and represented more than 15 percent of the company's total revenues. It was BellSouth's third consecutive $1 billion-plus quarter for data revenues, which increased at an annual rate of 27.7 percent, compared to 25.3 percent growth in the second quarter of 2001. The company finished the third quarter with 463,000 DSL customers.
The bulk of BellSouth's data revenue growth continues to be driven by high-speed, high-capacity services for business customers, including products such as Frame Relay. In Network Magazine's recent North American Carrier Survey, 4,000 corporate and business telecom managers rated BellSouth No. 1 in Frame Relay, a high-speed packet switching technology. BellSouth also offers Frame Relay Secure for backup and redundancy. The company's comprehensive array of Managed Security Services includes managed firewall, intrusion detection and response, anti-virus and anti-vandal filters, and Web site blocking.
Domestic Wireless/Cingular
BellSouth's domestic wireless revenues were $1.5 billion in the third quarter of 2001. This was a gain of 38.1 percent compared to revenues from BellSouth's stand-alone domestic wireless operations in the third quarter of the previous year. (Cingular Wireless services revenues increased 13.6 percent.) Cingular, the second largest wireless company in the U.S., had 21.3 million cellular and PCS customers at September 30, an annual growth rate of 12.8 percent. This week, Cingular announced an innovative infrastructure joint venture with VoiceStream Wireless that will allow Cingular to offer service in New York City much more quickly and cost effectively than building its own network.
Latin America Group
Consolidated Latin America revenues, including advertising and publishing, were $710 million in the third quarter. Earnings before interest, taxes, depreciation and amortization, or EBITDA, increased 17.3 percent to $224 million, and EBITDA margin improved by 6.6 percentage points, to 31.3 percent, compared to the third quarter of 2000. BellSouth had 8.1 million customers in Latin America at the end of the third quarter, an annual growth rate of 21.4 percent. In four of the 11 countries BellSouth serves in Central and South America, mobile phone customers now outnumber fixed line subscribers.
biz.yahoo.com
Thursday October 18, 8:48 am Eastern Time
Sprint PCS sees 1.3 mln subscriber adds in 4th qtr
CHICAGO, Oct 18 (Reuters) - Sprint PCS Group (NYSE:PCS - news), the nation's No. 4 wireless telephone company, on Thursday said it still expected to add 1.3 million subscribers in the fourth quarter after reporting higher-than-expected customer additions in the third quarter.
The company on Thursday said it added a record 1.2 million customers for the third-quarter, topping Wall Street expectations of 900,000 new subscribers according to Thomson Financial/First Call.
However, the company also said expects its 2001 cash flow, or earnings before interest, taxes, depreciation, amortization (EBITDA) to be slightly lower than its previous guidance as it spends more money to support substantial usage increases as a result of the unexpected additional customers.
Sprint PCS, a unit of Sprint Corp. (NYSE:FON - news), said its quarterly operating revenues rose 55 percent to $2.65 billion.
biz.yahoo.com
Thursday October 4, 8:27 am Eastern Time
Press Release
SOURCE: Verizon Wireless
Verizon Wireless Reports Solid Third Quarter Customer Growth
BEDMINSTER, N.J., Oct. 4 /PRNewswire/ -- Verizon Wireless, a joint venture of Verizon Communications (NYSE: VZ - news) and Vodafone Group (NYSE and LSE: VOD), today announced it added 752,000 net new customers during the third quarter 2001. Total customers increased to 28.7 million, a 12.3 percent increase over the third quarter 2000 subscriber base of 25.5 million.
(Logo: newscom.com newscom.com )
Demand for wireless services in the quarter was solid, as the company continued to focus on the quality of its subscriber base. Contract gross additions accounted for more than 86 percent of total gross additions. Total churn was down from the third quarter 2000 and for the second consecutive quarter, decreasing to 2.2 percent.
Full performance results for Verizon Wireless will be included in Verizon Communications' planned announcement of third quarter earnings Oct. 30.
About Verizon Wireless
Verizon Wireless is the largest wireless communications provider in the U.S. with more than 28.7 million wireless voice and data customers. The coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Verizon Communications (NYSE: VZ - news) and Vodafone (NYSE and LSE: VOD), including Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless and PrimeCo Personal Communications. Verizon Wireless has a footprint covering more than 90 percent of the U.S. population, 49 of the top 50 and 97 of the top 100 U.S. markets. The company, headquartered in Bedminster, NJ, is 40,000 employees strong. Reporters and editors can find more information about the company on the Web at verizonwireless.com.
SOURCE: Verizon Wireless |
