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Q4: Cingular adds 1.8M, records loss

January 24th, 2005 · Source · No Comments

Cingular Wireless ended 2004 with a bang–the fourth quarter saw 1.8 million net customer additions. Some notable points of today’s Q4 2004 release:

  • More than 49.1 million subscribers (Cingular remains the largest wireless carrier in the US)
  • Q4 reported revenues were $7.1 billion
  • Solid progress in GSM conversion, with 79 percent of minutes now on Cingular’s GSM network
  • Average revenue per user of $49.67, down 5.8% vs. same quarter a year ago
  • A loss of $497 for the quarter, accelerated by expenses over the merger

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