Cingular's AT&T Wireless integration trims BellSouth's profits

Integration costs associated with Cingular Wireless' acquisition of AT&T Wireless took their toll on BellSouth's earnings in the second quarter, with net income dropping 20 percent. Cingular, now the largest US mobile phone carrier, accounts for 40 percent of BellSouth's overall profit. That's a higher percentage from wireless than any of the other regional carriers. Net income at BellSouth, the third-largest US telecommunications group, fell to $795 million, or 43 cents per share, from $996 million, or 54 cents per share. Excluding merger and other one-off costs, and including its share of Cingular, BellSouth earned $849 million, or 46 cents per share.

For more info on BellSouth's Cingular indigestion:
- read this Light Reading article

PLUS: Verizon's Q2 profit rises nearly 18 percent. Article

Sponsored by ADI

What if we were never truly alone? Our next-gen communications technology can help people in even the most remote places stay connected.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

The FCC has once again determined that SNR Wireless and Northstar Wireless are ineligible for about $3.3 billion in bidding credits.

Nokia’s corporate technology chief and head of Bell Labs Marcus Weldon is stepping down.

Mint Mobile, the MVNO made famous by actor Ryan Reynolds, expanded its partnership with Best Buy.