Money | AT&T Wireless Drives AT&T Growth Company posts 22% increase in net income for Q1 despite dip in landline earnings By Laila Weir Posted Apr 22, 2008 2:43 PM CDT Copied Consumers wait in front of a Little Rock, Ark., AT&T Wireless store, June 29, 2007, to be first in line to buy a new Apple iPhone. The iPhone has helped drive strong wireless business growth. (AP Photo/Danny Johnston) AT&T posted a 22% increase in net income during the first quarter, thanks to strong growth in its wireless unit. Its wireless earnings nearly doubled, while landline earnings dropped 2.1%. The company’s net income was $3.46 billion (57 cents a share), compared to $2.85 billion (45 cents a share) a year ago, reports the Wall Street Journal. The results include charges connected to acquisition expenses and landline unit layoffs. Revenues at the wireless business went up 18%, driven by additional subscribers and an increase in average revenue per subscriber. Wireless data services also saw rapid growth, going up 57% to reach 22% of the company’s wireless service revenue. Read These Next In the early morning hours in East Hollywood, chaos. CEO resigns after appearance on Kiss Cam. This is why you don't wear metal in MRI rooms. The latest in the generation wars: the 'Gen Z stare.' Report an error