Alltel posts healthy profits, customer growth numbers

by Darren Murph posted Oct 22nd 2007 at 6:41PM

Although those Chad-based commercials may be unnerving, something is sure working for Alltel. Reportedly, the carrier added 205,000 subscriptions in the most recent quarter, which is "double the year-ago increase," and it also noted that the rate at which it lost customers fell to just 1.9-percent. Furthermore, the outfit raked in some $283 million in profits -- a fine sum compared to the $187 million garnered this time last year. As for the buyout, it suggested that it was expecting a "favorable FCC vote to come soon," meaning that the "takeover by TPG Capital and GS Capital Partners should be completed by the end of the year."