Alltel Posts Profit The sixth largest U.S. wireless carrier, Alltel, reported its first quarter 2005 profit increased as its wireless business grew faster than expected. Net profit for the first quarter 2005 increased to $313 million, up from $189.8 million in the first quarter 2004. Revenue increased 8% to $2.1 billion in the first quarter 2005, up from $1.96 billion in the first quarter 2004. Alltel added more than 174,000 wireless subscribers in the first quarter 2005 and ended the first quarter 2005 with a subscriber base of 8.8 million. (Source: Reuters)
