Cingular Wireless Q3 Net Income Jumps 282%

Cingular Wireless LLC, a joint venture between AT&T Inc and BellSouth Corp, said its third-quarter net income jumped 282 pct as sales rose 9.2 pct to 9.55 bln usd.

Net income for the nations largest wireless provider surged to 847 mln usd from 222 mln usd in the year-earlier period.

'Solid execution drove a significant increase in net income, growth in ARPU, and
strong margin performance,'

said Stan Sigman, Cingular's president and chief executive.

Average revenue per user (ARPU) increased to 49.76 usd from 49.65 usd in the year-ago quarter.

Source: Forbes.com