NEW YORK – AT&T Inc.’s Cingular Wireless, the No. 1 U.S. mobile phone service, on Wednesday posted higher quarterly profit and revenue as it added new subscribers.
Profit rose to $782 million from $204 million a year earlier. Revenue rose 10.2 percent to $9.8 billion.
Cingular said it added 2.4 million new customers in the quarter, compared with an average estimate of 1.62 million from 10 analysts contacted by Reuters.
When it bought BellSouth last month, AT&T took full control of the companies’ Cingular venture, which is being rebranded as AT&T.