You know, I thought we’d stop seeing quarterly reports from Alltel once they went private. I guess I’m wrong, as they released their 2007 fourth quarter and full-year data. The nation’s fifth-largest carrier grossed a little over a million customers in the fourth quarter, though their net gain was about a third of that, at 342,684. Not bad, though not quite T-Mobile in nature. For the year, they grossed 3.6 million customers, netting just under a million. The best news: This is a 51 percent increase over 2006. So despite these numbers not looking all too impressive, Alltel is relatively doing very well.
They’ve also managed to drop churn for the eight straight quarter. It sat at 1.81 percent for the fourth quarter, and 1.79 percent for the year. Their average spent per user was up to $54.30, with data consuming $5.87 of that. Surely that’s a number they’ll improve in 2008.
The company did end up losing $525 million during the quarter, but that is said to be largely due to the costs of acquisition. Alltel was bought by TPG Capital and Goldman Sachs Group during the latter part of last year.
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