Earnings: Alltel Q1 Revenue Up 11 Percent, Loss Of $125 Million: Data ARPU Up 60 Percent

Alltel Q1 revenues increased to $2.3 billion, up 11 percent compared to the same period a year ago. Service revenue (not including revenue from equipment sales) was $2.09 billion. However, the company reported a net loss for the quarter of $125 million, due "primarily to significant increases in interest costs and depreciation and amortization expense following the completion of the merger" with an affiliate of TPG Capital and GS Capital Partners in November. Consolidated EBITDA was $874 million, up 18 percent year-on-year.

The big news Alltel (NYSE: AT) trumpeted was over 1 million gross customer additions (up 26 percent), although net additions were obviously a lot smaller?385,000 (up 63 percent), of which 163,000 were post-pay. It now has a bit over 13 million customers. Average revenue per user (ARPU) was $53.64 per month, up 2 percent from last year. Data ARPU increased 60 percent year-on-year, to $7.50.

Alltel also announced plans to move to LTE in the next 3-5 years, although it's still in the planning phase and doesn't have any money for the network expansion, reports Telephony Online. It may also have trouble with a lack of appropriate spectrum.

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Earnings: Alltel Added Record Customers In Q4, But Was Hit Hard By Takeover Costs Earnings: Alltel Revenues Up 14 Percent; Data Up 70 Percent Earnings: Alltel Revenue Up 13 Percent, Data ARPU Up 64 Percent