Alltel Q2 Results

Alltel added a total net of 319,687 (up from 181,494 in the prior year) to a total subscriber base of 13.4 million.  The company posted total churn at 1.92 percent and average revenue per user was $54.42, up 1 percent from last year.  Alltel's data revenue was $8.18 up 45 percent year over year.

Despite strong customer growth and a 10 percent increase in revenues, Alltel reported a los of $69.9 million due to interest costs and depreciation and amortization expenses following the November 2007 merger with an affiliated of TPG Capital and GS Capital Partners.