AT&T Wireless Tops 70 Million Subscribers
AT&T reported record revenue and profit results for the fourth quarter of this year. Sales for Q4 2007 were $30.1 billion, up from $15.9 million in Q4 2006. Profit climbed to $3.1 billion, up from $1.9 billion a year ago.
The company attributed the growth mainly to its wireless business, which brought in $11.4 billion in sales, up 16%, and net income of $1.9 billion, up 44%.
AT&T said that it added 2.7 million (net) subscribers in Q4 2007. Together with 1.7 million new subscribers added through the acquisition of Dobson Communications, AT&T now claims to have a wireless subscriber base of 70.1 million - which translates into a 27.7% share of the U.S market.
Verizon Wireless currently has 64 million subscribers, Sprint Nextel 54 million and T-Mobile 28 million. The CTIA estimates that there are currently 253.4 million active cellphone accounts in the U.S.
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.