Technology Industry
Industry: Email Alert RSS FeedQ2 hints at continued climbing wireless sector.
RCR Wireless News, July, 2005
Byline: MIKE DANO
The second-quarter earnings race got off to a relatively solid start as Cingular Wireless L.L.C. and Nextel Communications Inc. posted financials largely in line with Wall Street expectations. The results-coupled with those from the handset and infrastructure markets-served to underpin predictions of continued growth within the wireless sector.
Market-leader Cingular popped with 1.1 million in net additions-surpassing most expectations-and improved on its customer and financial metrics. Nextel too surpassed forecasts with 763,000 new subscribers-550,000 to Nextel and 213,000 to its Boost Mobile offering. The carrier ended the quarter with 17.8 million subscribers, a number that includes 1.7 million Boost Mobile users.
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