AT&T Profit Soars After BellSouth Acquisition

6:30 am on April 25, 2007 | Category: Business, Corporate, Telecom Services

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America’s largest telecom operator, AT&T Inc., reported a huge increase in first quarter profit yesterday, as additional revenue from its recent acquisition of BellSouth Corp. was counted for the first time.

AT&T’s first quarter profit weighed in at $2.8 billion, or $0.45/share of the combined company, compared with $1.4 billion, or $0.37/share in the first quarter of 2006. Total operating revenue rose to $28.97 billion, from $15.76 billion in Q1/2006.

Shares in the newly merged AT&T have increased 11% since the BellSouth acquisition was completed at the end of December, 2006.

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    1. Correct me if I’m wrong, but wasn’t Bell South created as a break up of a telephone monopoly years ago? In any case, telephone companies are now multimedia and communication service providers so maybe regulations are more lenient when lines are more blurred.

      Nationwide Long Distance

      Comment by vic — April 26, 2007 #

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