United States Cellular Corp. tops this ranking with an eye-popping increase in net income that approached 2,000 percent.
The company said it disposed of some nonstrategic markets that didn’t fit in with its overall strategy, which produced substantial gains. Also, the company saw a dramatic increase in income due to strong operating results and increasing penetration in markets.
NEC Corp. placed second. However, NEC does not release information about the proportion of its net income derived from the wireless sector.
Bell Atlantic Corp., benefiting substantially from its 1995 inauguration of Bell Atlantic Nynex Mobile, and AT&T Corp., which has experienced strong growth in its Wireless Services, also placed in the top five.
In contrast, BellSouth Corp., which ranked along with Bell Atlantic and AT&T among top players for 1995 revenues, saw its net income drop by nearly 141 percent. This reflected two huge, one-time adjustments, including a $2.7 billion charge when the company changed accounting methods and a $1 billion adjustment to reflect the cost of previously announced work force reductions.
