The company closed the deal to acquire AT&T Wireless on October 26. It said that it added a net of 1.8 million new subscribers in the quarter, which doubled the number of new subscribers both from the previous quarter and the same quarter a year ago. The company said it included new subscribers added by AT&T Wireless for the first 25 days of that month.
Overall, Cingular now claims 49.1 million subscribers, making it the largest wireless operator in the U.S. It also claimed in a statement that it is ahead of schedule in terms of integrating AT&T Wireless and that the acquisition is meeting Cingular's expectations.
"The merger is working, and it is everything we had hoped it would be," Cingular CEO Stan Sigman said in a statement. "We developed a thorough, disciplined integration plan to follow through on our acquisition of AT&T Wireless. Our execution of that plan has been crisp, with all initiatives on or ahead of schedule. And customers have responded very positively,
However, the company reported revenues of $8.1 billion, a slight 1.8 percent increase compared to the same quarter a year ago. It also registered a decrease in average revenue per user (ARPU), from $49.67 to $49.22. ARPU is one of the key metrics used by analysts when determining the performance of wireless operators.