AT&T grows in early 2008 on wireless profits
04/22, 9:30am
ATT Q1 2008 Results
AT&T today said it had generated "strong" results for the first quarter of 2008 that it says are owed primarily to its cellphone business. The American telecoms firm earned a total of $30.7 billion over the three-month span, up 4.6 percent from the same quarter in 2007 after adjusting for marketing income related to the past BellSouth acquisition (otherwise at 6.1 percent); however, wireless income grew by about 18.3 percent over the same period and was helped by an increase in the amount spent on data features for these plans: spending on Internet access, over-the-air downloads, and messaging spiked by 57.3 percent, AT&T says. Data in various forms now accounts for as much as 21.5 percent of AT&T's cellphone income, up from 16 percent a year ago.

