Feeds

Cingular posts Q4 loss

Integration costs...

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

US mobile network Cingular lost of $497m on revenues of $7.1bn for the fourth quarter of 2004 ended 31 December. The figures include cash from AT&T Wireless, which was acquired during the quarter.

Average revenue per user was down slightly at $49.22 - down 5.8 per cent on the same period a year ago. The firm blamed lower-priced GSM contracts and the popularity of its FamilyTalk discount scheme for the fall.

But it said the merger with AT&T Wireless was going well. Cingular President and CEO Stan Sigman said: "The merger is working, and it is everything we hoped it would be. The new Cingular is off to a very strong start...I'm particularly pleased that have churn in the right direction right out of the gate."

Pro forma average monthly churn was down to 2.6 per cent. Cingular is changing the way it calculates churn to exclude reseller disconnects - churn would have been 2.4 per cent using the new method.

Cingular had 49.1m mobile subscribers at the end of the period - it added 1.8m new subscribers on a pro forma basis.

Revenue from data services grew to $2.89, up from $1.75 in the third quarter of 2004.

Cingular created a Business Markets Group to target corporate customers - it claims 80 per cent of Fortune 500 companies as customers. It continues to expand its 3G network - Cingular and Lucent recently made the first data calls on its UMTS network in Atlanta. ®

Related stories

FCC to auction three 3G bands from June 06
Cingular signs for 3G
Cingular lays off 7,000

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.