AT&T Wireless' overall revenues for the first quarter based on service remained flat compared to the same quarter a year ago, the company said. It reported $3.746 billion in revenues derived from service for the quarter.
The company claimed that a silver lining in the bad news was that overall subscriber losses diminished in each successive month of the quarter. It said the worst loss of subscribers occurred in January and the numbers were roughly break-even in March.
Cingular noted that it had revenues of $3.9 billion for the quarter, an 8.4 percent increase compared to the same quarter a year ago.
AT&T Wireless released its subscriber information before it's ordinary announcement of first quarter results to enable Cingular and its parent companies, SBC and BellSouth, to better discuss the acquisition during the course of their regular quarterly earnings announcements. Cingular's announcement of subscriber numbers and revenue were part of its normal quarterly financial report.
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