Telecommunications industry news provided by Financial News USA (OTC: FNWU). Buzz Technologies, Inc. (OTC: BZTG) provides shareholders a financial update for the period ending June 2006. Buzz Technologies is now reviewing a number of options in relation to becoming fully reporting; this process given the number of logistical and language issues will not be fast. Management is pleased with the increase in revenue and profits; this quarter has been the first full quarter fully focused on the business without having to deal with take over issues relevant to Affordable Telecommunications. Cingular Wireless LLC, which is a joint venture between AT&T Inc. and BellSouth Corporation (NYSE: BLS), recently reported record-setting net income for the second quarter of $540 million, which is a year-over year increase of 267 percent. Other highlights for the quarter included best-ever overall and postpaid churn, solid net and gross customer additions, vigorous growth of data ARPU, and continued strong sales to enterprise customers, including some of America's best-known companies.
AT&T Inc. (NYSE: T), MTV Networks and BET Networks recently announced a distribution agreement to deliver MTVN and BET linear, high-definition, on-demand and digital music programming as part of the AT&T U-verse TV(SM) channel lineup. "The MTV Networks and BET Networks brands are among the strongest in television," said Dan York, head of programming, AT&T Operations, Inc. Alltel's (NYSE: AT) board of directors recently declared regular quarterly dividends on the company's common stock. The 12 1/2 cent dividend is payable Oct. 3, 2006, to stockholders of record as of Sept. 8, 2006. Regular quarterly dividends also were declared on all series of the company's preferred stock. Preferred dividends are payable Sept. 15, 2006, to stockholders of record as of Aug. 25, 2006.
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