Q4: Cingular adds 1.8M, records loss

Jan 24 2005 - 03:06 PM ET | Cingular

Cingular Wireless ended 2004 with a bang--the fourth quarter saw 1.8 million net customer additions. Some notable points of today's Q4 2004 release:

• More than 49.1 million subscribers (Cingular remains the largest wireless carrier in the US)
• Q4 reported revenues were $7.1 billion
• Solid progress in GSM conversion, with 79 percent of minutes now on Cingular's GSM network
• Average revenue per user of $49.67, down 5.8% vs. same quarter a year ago
• A loss of $497 for the quarter, accelerated by expenses over the merger