Cingular Boasts 267% Profit
Amidst a looming lawsuit over its lack of service to newly incorporated AT&T customers, as well as our revelation that Cingular will no longer try to retain its most unprofitable consumers:
Cingular posted a strong second quarter as the company continues to see gains from its merger with AT&T Wireless. While revenue increased only a modest 7%, profit spiked 267% to a record $540 million. Cingular remains the largest carrier in the US, with 57.3 million customers.
Two-hundred and sixty-seven percent. Wow. You go, girl. You sure can make it hand over fist if you give people a lot less than what they paid for.
"Cingular Posts Strong Second Quarter" [MobileTracker] (Thanks to Brad!)
Previously: Cingular thread of suck.
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