“As we generate sound financial results, AT&T also has taken the lead to innovate and create great solutions for customers,” says Randall Stephenson, AT&T chairman and CEO. “Mobility, broadband connectivity and integrated services that encompass voice, data and video are driving a new world of communications. AT&T is all about deploying and enhancing premier networks and products to deliver this world to both business and consumers.

The Apple iPhone 3G is a dramatic example of this transformation, he added.

“In the days following our exclusive U.S. launch of this new device, powered by the nation’s fastest 3G wireless network, customer response has been everything we had anticipated and more," Stephenson says. "This strengthens our wireless business, and it reinforces our positive view of the opportunities ahead for AT&T and the industry.”

For the quarter that ended June 30, AT&T’s consolidated revenues totaled US$30.9 billion, up 4.7 percent versus reported results in the year-earlier quarter and up 3.6 percent compared with second-quarter 2007 pro forma revenues, which exclude merger-related accounting impacts on directory revenues.

Compared with results for the year-earlier quarter, AT&T’s reported operating expenses for the second quarter of 2008 were $24.3 billion, down from $24.5 billion; reported operating income was $6.6 billion, up from $4.9 billion; and AT&T’s reported operating income margin was 21.3 percent, up from 16.8 percent.

AT&T’s reported second-quarter 2008 net income totaled $3.8 billion, up from $2.9 billion in the year-earlier quarter, and reported earnings per diluted share totaled $0.63, up from $0.47 in the second quarter of 2007.

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