(Credit: T-Mobile USA)
T-Mobile USA has lost close to half a million post-paid subscribers during the third quarter, according to the company's earnings statement out this morning [PDF].
The network lost a total of 492,000 postpaid contracts -- the lucrative long-term contracts that that bring in regular income for a cellular network -- during the quarter, causing a drop in its average revenue per user (ARPU) to $42.78, a decline of seven percent on the same quarter a year ago.
However, T-Mobile USA also gained 365,000 new prepaid customers during Q3, meaning its total user base increased to 160,000 customers during the quarter. The branded prepaid division brought in $450 million in revenue, a 38 percent increase year-on-year, while its ARPU rose by 12.5 percent, to $27.35.
The U.S.' fourth-largest cellular network reported total revenues of $4.9 billion for the third quarter, down around six percent year-on-year.
The company generated a net loss of $7.8 billion for the quarter. While it sounds bad on the face of it compared to the $332 million profit it made in the same quarter a year ago, the company also reported a $8.1 billion non-cash impairment charge relating to the decision made by its parent company, Deutsche Telekom, ... [Read more]
No comments:
Post a Comment