Friday, 25 July 2008

AT&T Attributes Q2 Results to Strong Wireless Growth

Communications holding giant AT&T Thursday reported USD 30.9 billion for its second quarter ending June 30, 2008, a 4.7 percent increase compared to the year-earlier quarter.

Randall Stephenson, AT&T’s chairman and CEO attributed its success over the quarter to the increase in demand for mobility, broadband connectivity and integrated services that encompass voice, data and video.

“Earnings growth continues to be solid, our wireless momentum is strong, our major growth and cost-reduction initiatives are on track, and we continue to return substantial value to shareowners,” said Randall Stephenson, AT&T chairman and chief executive officer.

“The Apple iPhone 3G is a dramatic example of this transformation…In the days following our exclusive U.S. launch of this new device, powered by the nation’s fastest 3G wireless network, customer response has been everything we had anticipated and more.

“This strengthens our wireless business, and it reinforces our positive view of the opportunities ahead for AT&T and the industry,” added Stephenson