SBC reported it had 44% increase in data revenue to $2.2 billion ...
SBC reported it had 44% increase in data revenue to $2.2 billion in 4th quarter, 15% of company’s total revenues of $14.1 billion in period. Company said it has 767,000 DSL subscribers and more than half of its customer…
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locations now are capable of receiving DSL service. Among data growth drivers was 68% increase in SONET revenue, primarily from large corporate customers. SBC also reported strong wireless results through its 60% ownership of Cingular Wireless, joint venture with BellSouth, with pro forma revenue increasing 17% to $3 billion. Overall, company said revenue increased 9% in quarter and profits 5.6% after one-time charges. SBC also reported it added 547,000 long distance customers in Tex. in 4th quarter and at year’s end served 1.7 million long distance lines representing 1.4 million customers. SBC expenses rose 14%, which it attributed to development of long distance and DSL markets and start of Cingular Wireless. “In 2000, we made the investments and strategic decisions necessary to put SBC in the best position to pursue data and wireless growth opportunities,” SBC Chmn. Edward Whitacre said.