ATLANTA-Turning around two consecutive quarters of net customer losses Cingular Wireless L.L.C. reported 189,000 customer additions during the first three months of 2003 ending the quarter with 22.1 million wireless subscribers.
While the results were ahead of expectations, they fell short of the 234,000 net customer additions Cingular added during the first quarter of 2002.
Customer churn dropped from 2.9 percent during the first quarter of 2002 to 2.6 percent this year while average revenue per user remained flat at just more than $47.
Cingular also reported total revenues increased 1.3 percent from $3.543 billion during the first quarter of 2002 to $3.590 billion this year. Operating income also increased 7.3 percent from $667 million during the first quarter of last year to $716 million this year.
