Exclusive Apple iPhone carrier AT&T reports record net gain of 2.0 million wireless subscribers
Tuesday, October 23, 2007 - 09:12 AM EDT AT&T Inc. (NYSE:T) today posted strong third-quarter results and delivered its tenth consecutive quarter of double-digit growth in adjusted earnings per share. Results included an increase in wireless subscribers of 2.0 million, further advances in enterprise business trends and accelerated expansion of AT&T’s next-generation TV service.AT&T reported third-quarter revenues of $30.1 billion, up from $15.6 billion in the year-earlier quarter, prior to its Dec. 29, 2006 acquisition of BellSouth Corporation and the accompanying consolidation of wireless results. AT&T’s reported net income for the third quarter totaled $3.1 billion compared with $2.2 billion in the year-earlier quarter. Reported earnings per diluted share totaled $0.50 versus $0.56 in the third quarter of 2006.
AT&T is the United States’ wireless leader with 65.7 million subscribers, operates the nation’s largest wireless digital voice and data network, and through roaming alliances around the world provides the largest global presence among U.S. wireless carriers. In the third quarter, AT&T achieved:
Record Wireless Subscriber Gains. AT&T achieved a net gain of 2.0 million wireless subscribers, in the first full quarter since the introduction of Apple Inc.'s iPhone, the highest third-quarter subscriber increase in the company’s history. Versus AT&T’s gain in the year-earlier third quarter, net subscriber additions were up 46.8 percent. Third-quarter retail postpaid net adds totaled 1.2 million, up 30.6 percent compared with postpaid subscriber additions in the year-earlier quarter.
Strong Gross Adds. Gross wireless subscriber additions totaled 5.3 million in the third quarter, up 15.8 percent versus third-quarter 2006 results, continuing AT&T’s strength in flow share. Overall average monthly subscriber churn was 1.7 percent, down 10 basis points versus the year-earlier third quarter, and postpaid churn was 1.3 percent, down 20 basis points from the third quarter of 2006. Sequentially, versus second-quarter 2007 results, churn levels were up slightly, reflecting typical third-quarter seasonality.
Accelerated Wireless Revenue Growth. AT&T’s wireless revenues totaled $10.9 billion, up 14.4 percent from the year-earlier quarter. This marked AT&T’s fifth consecutive quarter of improved wireless revenue growth. Wireless service revenues, which exclude handset and accessory sales, grew 13.7 percent to $9.9 billion.
Robust Growth in Wireless Data Services. Wireless data revenues increased 63.9 percent versus results in the year-earlier quarter, driven by increases in both consumer and business data usage including messaging, media bundles, laptop connectivity, smart phone connectivity and enterprise vertical market solutions. This was AT&T’s fifth straight quarter with year-over-year data revenue growth above 60 percent.
MacDailyNews Take: iPhone, bitch!

I second that MDN, but damn, those international roaming charges are a bitch too! I had the first iPhone in East Africa when I traveled there for about three months shortly after the phone was released. Even WITH an international calling plan, it cost about $2.65 per minute. That's just ridiculous considering just 5 years ago, they only charged .99¢ per minute at the most.
Even the international texting plan was a bitch. It resulted in $1000 phone bill!
MW - turned, as in that aught to turn anyone's stomach