Alltel Wireless adds 316k subscribers and Net Loss of $69.9 million

The Q2 2008 results are in and Alltel Wireless (recently acquired by Verizon Wireless) had done their job well by posting $2.39 billion in revenue for the quarter, up 10% from Q2 last year.  Despite the increasing revenue, the merger with its private equity investors has resulted in a net loss of $69.9 million, but the bright light is still shining at the end of the tunnel for the number 5 US wireless carrier.

With a rock bottom 1.92 percent churn rate and 316k new wireless subscribers in Q2, Alltel Wireless is a solid performer in both subscriber base and customer satisfaction.  Another area showing improvements is the ARPU (Average Revenue Per User) which has increased by 1 percent, up to $54.42, but the data APRU is really where Alltel shines.  Data ARPU was $8.18 which is up 45 percent when compared to this same quarter in 2007.