ALLTEL Corporation

Stock Symbol: AT

Building 4 Second Floor One Allied Drive
Little Rock, AR 72202
501-905-8000 (phone)
501-905-0962 (fax)
WEBSITE: Alltel

Industry: Communications Services

Index Membership: S&P 500; S&P 1500 Super Comp

ALLTEL Corporation Description:
At Alltel, our first priority is responsible stewardship of our shareholders' investments. Each day we strive to grow without compromising our financial strength. Our strategy is to be in a position to take advantage of opportunities as they arise, but to do so in a fiscally responsible manner. That strategy has proven successful for our company over the past few years.

Alltel's customer base has grown from 2.5 million communications customers in 1996 to more than 12 million customers today.
Revenues over the same period increased from $3.2 billion to $7.9 billion. Operating income nearly tripled, growing from $592 million to $1.5 billion. Total assets are up from $5.4 billion in 1996 to about $18 billion today. What sets our company apart is our disciplined financial approach and operational focus. This approach is evident in our wireless business, which continually produces some of the leading margins in the communications industry. In addition, the company also has strong and growing cash flows. At Alltel, we'll continue to focus on what we have always done: follow a set of fundamentally sound management principles and pay close attention to our business priorities.  ALLTEL employs almost 15,000 people.

ALLTEL Corporation Financial Summary:
LITTLE ROCK, Ark. - Alltel achieved record growth in the third quarter as the company reached new milestones in wireless revenues and post-pay net additions. Alltel reported fully diluted earnings pershare under Generally Accepted Accounting Principles (GAAP) of 81 cents and fully diluted earnings per share of 80 cents from current businesses, a 33 percent increase from a year ago.

Revenues were $2.3 billion, a 14 percent increase from a year ago. Net income under GAAP was $283 million, a 51 percent increase. Net income from current businesses was $279 million, a 21 percent increase from a year ago.
Total net additions were 205,000, up 103 percent. Post-pay net adds were 213,000, a 182 percent increase from a year ago.
Wireless service revenue was $2.1 billion, an increase of 15 percent from a year ago. Post-pay churn was 1.31 percent and total churn was 1.90 percent. This is the seventh consecutive quarter that both metrics have improved year-over-year. Average revenue per wireless customer (ARPU) was $55.96, a 4 percent increase from last year. Data revenue per customer was $6.36,up 70 percent from last year and 13 percent sequentially.

ALLTEL Corporation Business Summary:
ALLTEL Corporation (Alltel) provides an array of wireless communication services to individual and business customers. As of December 31, 2006, the Company owned a majority interest in wireless operations in 116 metropolitan statistical areas (MSAs) and a majority interest in 239 rural service areas. In addition, Alltel owns a minority interest in 23 other wireless markets, including the Chicago, Illinois and Houston, Texas MSAs. The Company also offers personal communications services (PCS) in five markets, including Jacksonville, Florida, and Wichita, Kansas. On July 17, 2006, Alltel completed the spin-off of its wireline telecommunications business and the merger of that wireline business with Valor Communications Group, Inc. (Valor). The new wireline company formed in the merger of the CompanyGÇÖs wireline operations and Valor is named Windstream Corporation. On October 3, 2006, Alltel completed the purchase of Midwest Wireless Holdings.  The company was founded in 1943 and is headquartered in Little Rock, Arkansas.