BELLSOUTH’S WIRELESS BUSINESS GARNERS RECORD $6.5 BILLION IN CONSOLIDATED REVENUES FOR 1st QUARTER
With its domestic and international wireless businesses adding nearly 1.3 million customers in the first three months of 2000, BellSouth Corp., the dominant local telephone company in the Southeastern United States, reports first-quarter earnings per share (EPS) before special items of 52 cents, a 13-percent increase over 1999. Consolidated revenues were a first quarter-record $6.5 billion, boosted by 30.6-percent growth in data revenues. Overall, Atlanta-based BellSouth’s profit, excluding one-time items, was $981 million, compared with $895 million (46 cents per share) in 1999. The results beat Wall Street’s earnings expectations of 51 cents per share, according to research firm First Call/Thomson Financial.
In addition, BellSouth, which serves nine southeastern states from Kentucky to Florida, posted an 8.6-percent rise in first-quarter revenues ($6.5 billion). “Our strategies in positioning BellSouth for more growth are based on the strength of our assets. Our deal to combine the domestic wireless operations of BellSouth and SBC Communications highlights that strength,” says Duane Ackerman, chairman and CEO of BellSouth.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!