Net income falls for Alltel

Alltel said its first-quarter net income fell to $297.4 million, or 77 cents a share, from a year ago profit of $313 million, or $1.03 a share, because of costs associated with its buyout of Western Wireless and the company's move to shed its wireline business, which the company expects to happen in July. Alltel added 165,000 net new wireless customers.

To read more about Alltel's Q1 results:
- check out this article from Dow Jones

Suggested Articles

MWC may be on an enforced hiatus this year but there's no shortage of device announcements that still need to go ahead as 5G momentum gathers pace.

Cisco on Tuesday touted the benefits of cloud-native software as part of its successful proof of concept for a 5G standalone (SA) network with KDDI.

The Telecom Infra Project (TIP) and O-RAN Alliance announced a liaison agreement that ensures alignment in the area of open RAN solutions.