Cingular Wireless reported record net income for the second quarter of $540 million, which is a year-over year increase of 267%. Some highlights from the quarter:
- Gross additions were 4.4 million, which compares to 4.3 million in the year-ago second quarter and to 4.7 million in the first quarter of 2006. The company reported 1.5 million net adds, which compares to 952,000 in the year-ago second quarter and to 1.7 million in the first quarter of 2006. Of the net adds, more than 1 million were postpaid customers, which is a year-over-year improvement of 9 percent and a sequential improvement of 16 percent.
- Cingular ended the second quarter of 2006 with 57.3 million cellular/PCS subscribers, which is a year-over-year increase of 5.9 million.
- Cingular's data ARPU was $5.77, up more than 38 percent over the year-ago second quarter and 11 percent sequentially. Data ARPU per postpaid customer was nearly $6.60.
- During Q2, 98 percent of minutes were carried on Cingular's GSM network and 92 percent of the company's subscriber base was GSM-equipped.
- ARPU was $48.84, down 3.3 percent from the year-ago second quarter (when ARPU declined 5.4 percent year over year on a Pro Forma basis) but up 0.7 percent compared to the first quarter of 2006.
- Q2 revenues were $9.2 billion, an improvement of 7.1 percent over revenue for the year-ago second quarter and 2.7 percent compared to the first quarter of 2006.
- Q2 CAPEX was $1.582 billion, driven by ongoing merger integration; improvements in network coverage and quality; and the continued introduction of Cingular's UMTS/HSDPA 3G technology in markets around the country including, most recently, Atlanta, San Antonio, Gary, Ind., and the initial phase of rollout in New York City.
