AT&T Inc. today reported third-quarter net income of $3.23 billion, or 55 cents per share, up from $3.06 billion, or 50 cents per share, in the same period a year ago.
The company's quarterly revenues jumped 4 percent to $31.3 billion, as it reported activating 2.4 million units of the second-generation iPhone, which runs on the company's faster "Third Generation" network.
"I am particularly pleased with the customer response to the iPhone 3G," said Randall Stephenson, AT&T chairman and chief executive officer. "The new customers we're winning are high-value, with attractive revenue and churn profiles. We're expanding the market, as users adopt more data and media-rich services and access a wide array of applications. These achievements are positive for the future of our business. Across our operations, AT&T continues to execute and deliver solid results. In wireless, we posted a record postpaid subscriber gain. Trends in business services continue to be stable, with a major turnaround in wholesale revenue growth. AT&T U-verse video gains continue to accelerate, helping transform our consumer business."
New iPhone sparks sales for AT&T
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