Strong results reported at Cingular

Strong results reported at Cingular

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Cingular Wireless has reported strong results for Q4 2005, thanks in large part to growth across its markets and a lowest-ever churn rate. The Atlanta company said its monthly subscriber churn rate was 2.1, an improvement of 30 basis points over the same period in 2004, while at at the same its net customer additions reached 1.8 million, with more than half of those retail customers.

Cingular, the largest wireless carrier in the U.S., ended 2005 with 54.1 million cellular/PCS subscribers. That was 5 million than the 2004 total.

The company also reported an increase in gross additions, ARPU, and OIBDA margins, as well as a 95-percent carry rate of GSM technology used by its customer base.

“Cingular finished 2005 on a high note,” said Stan Sigman, Cingular’s president and chief executive officer. “I am also pleased that we continue to bring out a steady stream of innovative offers and capabilities, from even easier access to the wireless Internet, to the ability to view exciting new video content, to productivity-boosting devices and applications. These are making a real difference in the lives of our customers,” Sigman said.

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