Cingular, a joint venture between AT&T and BellSouth, reported first quarter profits of $354 million, compared with a loss of $240 million in the corresponding period of last year when results reflected costs associated with the purchase of AT&T Wireless.
Revenues increased 9.1 per cent to $8.98 billion. The company added 1.7 million customers in the latest quarter, consolidating its position as the largest US mobile phone carrier with 55.8 million subscribers at the end of March 2006, up more than 8 million since the Atlanta-based carrier acquired AT&T Wireless in 2004.
