For the first quarter, AT&T's wireless unit, formerly known as Cingular, posted revenue of $10 billion, up 11 percent from last year thanks to data services that buoyed the average revenue per user. Some analysts expected about $9.9 billion in revenue. AT&T's wireless unit also added 1.2 million subscribers during the quarter, which was just half the amount it added during the fourth quarter of 2006. Churn fell to 1.7 percent, which is 10 basis points better than the previous quarter. At the end of the quarter the carrier's subscriber base boasted 62.2 million customers.
For more on AT&T's first quarter:
- see this WSJ article (sub. req.)