August 28, 2014

T-Mobile loses half million post-paid subscribers in Q3

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T-Mobile USA nearly one half million (492,000) contracted customers during the third quarter of 2012, so says the carrier today.  The nation’s fourth largest wireless provider released its quarterly earnings report today which includes some of the bullet points below. While it’s a mix of good and not-so-good, the takeaway is that the carrier is not moving forward all that fast.  As of the end of September, T-Mobile is listed as having 33.3 million subscribers. Maybe spending a little cash on MetroPCS will fix things faster…

  • Net customer additions of 160,000 reflect strong net additions of 365,000 branded prepaid customers
  • Branded contract churn of 2.3% improved 30 basis points year-on-year
  • Rate of branded net contract customer losses in the third quarter of 2012 improved slightly sequentially (492,000 in Q3/12 compared to 557,000 in Q2/12) but increased year-on-year (389,000 in Q3/11) due to the impact of the iPhone5 launch
  • 3G/4G smartphones sales accounted for 77% of units sold and increased 28% year-on-year to 2.3 million units
  • The $4 billion 4G network modernization plan is well underway; first cities with HSPA+ on 1900 PCS spectrum launched in the third quarter of 2012
  • New Unlimited Nationwide 4G Data plan, launched in September, is a key differentiator in the marketplace