Both AT&T and Verizon see very positive Q3s
by Darren Murph 
posted Oct 27th 2008 at 9:02PM
While many industries are going through a bit of a rough patch (to put things mildly), both AT&T and Verizon are soaking up the sun. Or maybe that's just the beaming glow being emitted from their respective Q3 reports. Either way, AT&T reported a 2.0 million net gain in total wireless subscribers on the coattails of 2.4 million iPhone 3G activations, while it notched a 50.5% uptick in wireless data revenues and saw overall wireless revenues increase by 15.4%. As for Verizon Wireless, it witnessed 1.5 million net customer additions (excluding the 630,000 customers pulled in from its Rural Cellular acquisition), and it noted that data revenues -- which now comprise over a fourth of all service revenue -- shot up 42.5% to $2.8 billion. For numbers galore explaining just how well the pair did this past quarter, mount up your reading glasses and hit the links below.[Via mocoNews]
Read - Verizon Q3 2008 earnings report
Read - AT&T Q3 2008 earnings report
Reader Comments (Page 1 of 1)
Nippero @ Oct 27th 2008 9:40PM
A month later...
AT&T reporting major losses. Due to economic issues, many customers were unable to pay their bills. This combined with heavily subsidized iPhone 3G prices which isn't being balanced by profits from customers on their contracts will sent ATT into bankruptcy.
(joking of course, dont take me seriously :P)
badqat @ Oct 27th 2008 9:48PM
And soon, we'll see how many of these customers were stolen away from Sprint when they release their numbers.
You remember Sprint, right? That's the company that Android isn't "good enough" for.
derX @ Oct 28th 2008 1:14AM
Gotta love Sprint. Especially the CEO. Served me a burger once. Nice guy. Left him a generous tip.
Ryan C @ Oct 27th 2008 10:14PM
Sprint's gonna be the only one to post losses in the subscriber area. T-Mo always has modest adds while AT&T and Verizon get the most new subscribers.