Telecommunications: Pacific Telesis of San Francisco said...

Telecommunications: Pacific Telesis of San Francisco said its second-quarter net income rose 10% to $316 million as revenue rose 4% to $2.52 billion. Quarterly earnings reflected a gain from the sale of cellular holdings and settlement of a lawsuit in St. Louis, and the sale of its Microtel holdings in the United Kingdom. Pacific Bell’s net income rose 5% to $281 million as revenue edged up to $2.26 billion from $2.17 billion. Chicago-based Ameritech, parent of Bell companies serving five states, said second-quarter income fell 13.7% to $303.9 million as revenue rose 2.3% to $2.7 billion. The company said strength in its mobile communications and Yellow Pages publishing operations were hurt by overall effects of the recession. United Telecommunications Inc. of Kansas City, Mo., said its second-quarter income totaled $89 million, more than double that of the year-ago period, as revenue edged up to $2.2 billion from $2.1 billion. The company cited cost containment and improved margins at its long-distance division, US Sprint, which posted operating income of $73 million, in contrast with last year’s loss of $42 million, on revenue of $1.36 billion, up from $1.24 billion.

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