Among the highlights from current businesses in the second quarter:
Wireless operations added a net gain of 113,000 customers, a 40 percent increase over the same period last year.
Wireless revenues were $965 million, an increase of 9 percent. Wireless
service revenues were $910 million, an increase of 8 percent.
Wireline revenues grew to $451 million, an increase of 3 Percent. Operating cash flow was $274 million, an increase of 9 percent.
Emerging businesses revenues were $115 million, an increase of 25 percent. ALLTEL also continued to add lines in its competitive local exchange carrier (CLEC) markets and grow its long-distance business.
Total communications revenues were $1.5 billion, an increase of 8 percent over the same period last year. Operating cash flow was $637 million, an increase of 7 percent.
Revenues at ALLTEL Information Services were $338 million, an increase of 6 percent. Operating cash flow was $88 million, an increase of 6 percent.
We are pleased to report both strong wireless customer growth that exceeded our expectations and strong financial results for the quarter, said Joe Ford, ALLTEL chairman and chief executive officer.
The 40 percent increase in net wireless customer additions for the quarter boosted revenues as many new customers subscribed to higher-end rate plans.
Our new customers are driving revenue growth as they sign up for our Total and Regional Freedom calling plans, Ford said. ALLTEL is increasing revenue per unit with these profitable national and expanded regional calling plans.
One-time items of interest include a prepayment penalty of $3 million on the early retirement of high-interest debt and a true-up of prior period gains of $2 million and a severance charge of $2 million.
