Thursday, January 26, 2006

AT&T posts strong quarterly numbers too

There seems to be a pattern emerging among the US' two largest telco's. TechBoard has just covered Verizon's record breaking results for their latest quarter, and now the US number two telco AT&T has come in with some great results too. The triple play is really paying off.

For AT&T has just posted a profit of $1.66 billion in its first quarterly report since it was formed by SBC Communications' purchase of AT&T Corp at the end of last year.

The results were boosted by an increase in customers for AT&T's broadband Internet service and strong customer growth at Cingular Wireless, the AT&T venture with BellSouth Corp. Cingular now has over 56M wireless customers.

2006 will be strong for both AT&T and Verizon.

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