Alltel Corp. exposed third quarter revenues. Its customer number result showed the drop of the company's stock price by more than 6 percent in Wall Street trading. Alltel's gross customer additions for the quarter increased by 14 percent but they have had only 101,000 net new subscribers in the quarter. Of the 101,000 new subscribers, 75,000 were postpaid users. Alltel ended the quarter with more than 11 million customers.
Alltel reported revenues of $12 billion that showed the increase by 11 percent to $402 million. 2.18 percent is Alltel's churn rate in the quarter, down from 2.37 percent in the third quarter of last year. Thou, Alltel's average revenue per user went down about 1 percent, to $53.76.