AT&T target reverses 2Q loss

13 Aug 2007

US cellular operator Dobson Communications, which is being taken over by AT&T Inc, has posted a net profit of USD16.1 million for the second quarter of 2007, reversing a loss of USD8.4 million in the year-ago period. Revenues were up 15% to USD360.2 million, beating analyst expectations of around USD345 million. AT&T recently made a USD5.1 billion takeover offer for Dobson, which had 1.72 million subscribers at the end of June.

United States, AT&T, Dobson Communications Corporation