BellSouth Corporation (NYSE: BLS) will report third quarter earnings on Tuesday, October 24, 2006, at 8 a.m. (ET). In addition, BellSouth will host a conference call with the investment community at 10 a.m. (ET). During the call, we may disclose recent material developments, if any, affecting our business and/or financial results. Read the rest of this entry »
BellSouth (NYSE: BLS) today announced that it has entered into non-exclusive agreements with DirecTECH and MasTec, Inc. (NYSE: MTZ), DIRECTV Master System Operators, to jointly market and deploy DIRECTV® services to the residential multi-dwelling unit (MDU) market in BellSouth’s service area. Read the rest of this entry »
BellSouth (NYSE: BLS) announced today that it is trialing an enhanced business category search service as part of its Operator Services portfolio. BellSouth® EasyBusinessFinder(SM) service allows landline callers to initiate detailed, keyword searches for local businesses with the convenience of dialing 411.
The trial will run in the Atlanta 678 area code for 90 days and will allow detailed searches similar to the yellow pages via a live operator. For example, a customer who desires to locate a pizza parlor that delivers, a tire dealer that sells a certain brand of tires or a florist that specializes in orchids can now search over the phone using these specific criteria. BellSouth EasyBusinessFinder service will deliver the business phone number to the customer based on his or her request. Read the rest of this entry »
WASHINGTON, D.C. – The Telecommunications Research and Action Center (TRAC), the nation’s leading telecommunications-focused consumer education and advocacy organization, today urged the Federal Communications Commission (FCC), Department of Justice (DOJ), and Congress to use the coming review of the proposed AT&T-BellSouth merger agreement as an opportunity to reexamine the nation’s telecommunications policy. In light of this development, the FCC and DOJ should develop a clearer understanding of the emerging trends in the telecommunications market. Congress should use the continued consolidation of the telecommunications industry as a basis for its reevaluation of the nation’s telecommunications laws. Read the rest of this entry »
BellSouth (NYSE: BLS) is prepared for the arrival of Ernesto, as either a hurricane or tropical storm, on the Florida coast. Through its work with the Federal Communications Commission and government agencies, BellSouth has addressed issues related to first responder status and access to impacted areas.
BellSouth is maintaining active dialogue with its partners and suppliers to ensure they meet the company’s supply needs before, during and after the storm hits. Through these preparedness efforts, BellSouth will be able to maintain power, provide continuous connectivity and avoid widespread outages. Read the rest of this entry »
TiVo Inc. (NASDAQ: TIVO), a creator of and leader in television services for digital video recorders (DVRs), and BellSouth Corporation (NYSE: BLS), today announced a co-marketing agreement to promote the stand-alone TiVo® Series2™ box and service in conjunction with BellSouth® FastAccess® DSL.
Beginning this week, BellSouth and TiVo will launch the first of a variety of co-marketing initiatives that leverage product synergies between BellSouth FastAccess DSL and TiVo in order to drive additional distribution of the respective services. Through the agreement with TiVo, select FastAccess DSL subscribers will receive special pricing on the TiVo box and service. These customers can further enhance their already reliable, high-speed Internet service with TiVo’s broadband applications, including online scheduling, TiVoToGo transfers, TiVo Guru Guide recommendations, streaming radio, movie browsing, and TiVo’s easy-to-use Home Media features. TiVo’s home media features allows subscribers to receive broadband delivered video and view personal music and photos on the TV set not just the PC. Subscribers will also receive the newly released TiVo KidZone as well as the traditional features for finding, recording and watching their favorite TV shows, such as Season Pass™ recordings and WishList® searches.
“TiVo is pleased to work with BellSouth on this powerful marketing initiative,” said Naveen Chopra, vice president of business development at TiVo. “With its strong southeastern presence and renowned customer satisfaction, BellSouth is uniquely positioned to market the benefits of a broadband-connected TiVo Box. Together, we can turn a DSL Internet connection into a pipeline for video content delivered directly to the television.”
Although specific marketing tactics were not disclosed, TiVo and BellSouth will leverage each other’s marketing efforts in key Southeastern markets. They will also offer special incentives to customers who subscribe to both services.
“BellSouth is excited to offer TiVo’s unique broadband applications to our FastAccess DSL customers,” said Joey Schultz, vice president of marketing for BellSouth Retail Markets. “TiVo’s leading DVR service and powerful consumer brand helps us differentiate our DSL Internet offering by providing our subscribers exciting and entertaining ways to enhance their television and online experience.” Read the rest of this entry »
AT&T Delivers Strong Second-Quarter Earnings Growth Driven by Merger Integration Progress, Solid Wireline Execution, Advances at Cingular Wireless
* $0.46 Reported Earnings Per Diluted Share, Up 53.3 Percent Versus the Year-Earlier Second Quarter
* $0.58 Earnings Per Diluted Share Before Merger-Related Costs, Up 34.9 Percent Versus Comparable Results in the Second Quarter of 2005
* Consolidated Operating Income Margin Up Substantially to 16.5 Percent on a Reported Basis, 19.0 Percent Before Merger-Related Costs; Full-Year Margin Outlook Raised
* Cash from Operating Activities Up 24.1 Percent Versus the Second Quarter of 2005 to $4.7 Billion
* 1.5 Million Second-Quarter Net Subscriber Gain at Cingular Wireless to Reach 57.3 Million; 1.7 Percent Total Subscriber Churn, 1.5 Percent Postpaid – Both Down Significantly Over Past Three Quarters
Note: AT&T’S Second-Quarter Earnings Conference Call Will be Broadcast Live Via the Internet at 10 A.M. Edt on Tuesday, July 25, 2006, at www.att.com/investor.relations.
San Antonio, Texas, July 25, 2006
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AT&T Inc. (NYSE: T) today reported strong second-quarter earnings growth driven by progress in merger integration, solid execution in wireline operations and increased contributions from Cingular Wireless, which is 60-percent owned by AT&T.
AT&T’s second-quarter earnings per diluted share were $0.46 on a reported basis, up 53.3 percent versus the year-earlier quarter. Before merger-related costs, earnings per diluted share were $0.58, up 34.9 percent versus comparable adjusted results in the second quarter of 2005. This marked AT&T’s fifth consecutive quarter of double-digit growth in earnings per share before merger-related costs.
Second-quarter net income totaled $1.8 billion on a reported basis, up 80.8 percent from the year-earlier quarter. Before merger-related costs, earnings were $2.3 billion, up 59.6 percent from pre-merger results in the second quarter of 2005. Cash from operating activities totaled $4.7 billion, up 24.1 percent versus the year-earlier second quarter.
“We delivered another strong quarter, with excellent growth in both earnings and cash flow,” said Edward E. Whitacre Jr., AT&T chairman and chief executive officer. “Cingular generated solid subscriber growth and its best-ever churn. Enterprise trends continue to be encouraging. Regional wireline revenues extended their growth record. Our SBC/AT&T merger integration projects are very much on plan, generating synergies and benefiting customers.
“These results demonstrate strong momentum as we look forward to the second half of the year and completion of our pending acquisition of BellSouth,” Whitacre added. “Last week, shareowners of both companies approved the merger, and we expect to receive the remaining regulatory approvals necessary for closing the transaction this fall.
“Now that the shareowner votes are complete, we plan to ramp up the share repurchase program we outlined in March,” Whitacre said. “We expect to buy back $10 billion of our shares by the end of 2007, with approximately $2 billion to $3 billion coming this year.”