AT&T profit up on wireless growth, iPhones
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AT&T profit up on wireless growth, iPhones

The biggest U.S. telephone company said its fourth-quarter profit was US$3.1 billion, or 51 cents per share, compared with $1.9 billion, or 50 cents a share, in the year-ago quarter. Most of the year-ago quarter excludes earnings from BellSouth, which AT&T bought at the end of 2006.

AT&T, the exclusive U.S. carrier for the iPhone, said it added 2.7 million net wireless subscribers in the quarter compared with average estimates of 1.9 million from four analysts contacted by Reuters. Estimates ranged from 1.35 million to 2.36 million.

AT&T ended 2007 with "just at or slightly under 2 million iPhone customers," said Chief Financial Officer Rick Lindner, referring to iPhone sales on the company's quarterly earnings call. "We had very solid sales results in October and November and we had almost double sales in December."

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