13 August 2007

T-Mobiles towards Steady Growth

T-Mobile USA reported steady growth for the quarter adding 857,000 new customers, totally 27 million customers at the end of the second quarter. Though it grew slower than the top Tier 1 two carriers, its customer additions more than doubled those of the third largest U.S. carrier, Sprint Nextel. The carrier also reported a lower contract churn rate than Sprint, at 1.8%, down from 2.2% the first quarter.

Average revenue per user also showed slow, but steady growth rising from $52 last year to $53 for this quarter.

T-Mobile posted revenues of $4.8 billion, up 13% from last years $4.2 billion.

"In the quarter, T-Mobile continued to take bold steps to expand our user base and drive consumer-relevant innovation," said Robert Dotson, chief executive officer and President of T-Mobile USA, in a company statement. "We continued to add high-quality customers… In the quarter, we also introduced HotSpot@Home, the first in a new line of breakthrough products and services that allow customers to make unlimited calls from home while providing the best in-home wireless coverage possible. With this introduction, the landline replacement revolution has begun in earnest."

Source: Wireless Week


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