Dobson reports solid growth ahead of AT&T acquisition

Dobson Communications Corp., which recently announced plans to be acquired by AT&T Inc., posted a 15% jump in second-quarter revenues from $312.1 million in 2006 to $360.2 million this year. Net income also improved from a loss of $8.4 million in 2006, a loss of 5 cents per share, to a return of $16.1 million this year, a return of 9 cents per share.
The carrier’s strong financial results were boosted by an increase in net customer additions from 17,300 subscribers during the second quarter of 2006 to 41,700 subscribers this year. The subscriber growth was helped by an increase in reseller customers that surged from a loss of 4,200 non-direct customers in 2006 to a gain of 12,900 reseller customers this year.
Average revenue per user also increased from $47.89 during the second quarter of 2006 to $52.15 this year, with data ARPU improving from $3.72 in 2006 to $6.09 this year.
Dobson’s stock was trading up slightly early Thursday at $12.52 per share.