(Corrects earnings per-action-number in the second paragraph).
April 20 (Bloomberg) - AT & T Inc., the second U.S. wireless carrier, posted earnings that met the estimates of analysts in the first quarter after having lost the exclusive right to offer the iPhone of Apple Inc. more sold on its network.First-quarter profit was 57 cents per share, AT & T based in Dallas, said today a statement. 57 Cents projected of analysts, the average of estimates compiled by Bloomberg.Verizon Wireless, the largest U.S. wireless carrier, began offering iPhone in February. AT & T prepared for the loss of its exclusivity by cutting the price of the old model of 3GS in January by half for contract customers and adding devices such as mobility Holdings Inc. Atrix of Motorola. Last month, AT & T agreed to buy T-Mobile USA for $ 39 billion to add subscribers. "" The iPhone is still a very important product for the growth of the AT & T customer ", said Todd Rethemeier, New York Hudson Square research analyst. "They added some devices, but the iPhone is still persuasive, a product very attractive for consumers." Rates of AT & T shares to "hold".AT & T activated iPhone for $ 3.6 million during the quarter, compared to 2.7 million a year earlier. Verizon Wireless wins the iPhone ended four years of exclusivity of the AT & T for the device, in the United States competition between carriers of heating. IPhone 4 was the mobile phone more purchased by American consumers in the fourth quarter, according to a study of firm NPD Group .t-Mobile CombinationAT & T added to 62,000 of the contract of the last quarter of wireless subscribers. Tim Horan, an Oppenheimer & Co. analyst, provides that customers of the contract would be unchanged. Philip Cusick, an analyst with JPMorgan Chase & Co., predicted a loss of 100 000 of so - called post-paid users.Net income advanced by 39% to 3.41 billion $ 2.45 billion, or 41 cents a year earlier. Sales increased by 2.3% to $ 31.2 billion, matching the average analyst estimate.The acquisition of T-Mobile USA, announced on March 20, combine AT & T with the fourth U.S. wireless provider. The agreement needs the approval of the U.S. Department of Justice and the Federal Communications Commission and is to deal with hearings in Congress .at & T remained unchanged at $30.31 yesterday in New York Stock Exchange composite trading. The stock had won 3.2% this year before today.(AT & T will be a conference call at 10 a.m.). Time to New York to discuss the results. (To access the call, go to LIVE-Editors: Ville Heiskanen, Peter Elstrom
To contact the reporter on this story: Greg Bensinger in New York at the gbensinger1@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom to pelstrom@bloomberg.net
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