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T-Mobile US adds record 2.4 million subscribers in Q1
2014-05-01 13:34:00| Telecompaper Headlines
(Telecompaper) T-Mobile US added a record 2.4 million new customers in the first quarter, as its new pricing strategy started a year ago paid off. The mobile operator added 1.3 million postpaid and 465,000 prepaid customers under its own brand, while the remainder came from wholesale customers, giving it a total base of 49.1 million at the end of March. Revenues rose 47 percent year-on-year to USD 6.88 billion and were up 15.3 percent on a pro forma basis including the MetroPCS takeover. Growth was led by handset sales, with a record 6.9 million smartphones sold in the quarter, while pro forma service revenue increased 4.5 percent year-on-year to USD 5.34 billion. Retail postpaid ARPU was still down 1.4 percent from the previous quarter and 7.5 percent year-on-year to USD 50.01, due to greater adoption of the lower-priced Value and Simple Choice plans. Adjusted EBITDA was down slightly from a year earlier, to USD 1.09 billion versus 1.18 billion, due to increased handset sales. The margin fell to 20 percent from 29 percent a year ago. T-Mobile spent USD 947 million cash on capital equipment in the quarter and maintained its annual budget at USD 4.3-4.6 billion. The operator slightly reduced its forecast for annual adjusted EBITDA, to USD 5.6-5.8 billion from an earlier outlook of USD 5.7-6.0 billion. This comes as it raised its target for retail postpaid net additions this year, to 2.8-3.3 million from the earlier goal of 2.0-3.0 million.
Tags: record
million
adds
subscribers
Sprint looks to acquire T-Mobile, but FCC blocks with new anti-hoarding spectrum screen
2014-05-01 12:59:51| Extremetech
The Wall Street Journal reported that the FCC has decided on how it will adjust the spectrum screen and Bloomberg reported Sprint is working on financing for a bid on T-Mobile. However, the FCC's changes will make it extremely difficult, if not impossible for Sprint to acquire any more spectrum outside of the two upcoming auctions.
Tags: screen
blocks
spectrum
acquire
Sprint Is Going To Try To Buy T-Mobile And Find A New CEO
2014-05-01 06:10:07| IT Services - Topix.net
Softbank, which owns most of Sprint, will make the offer some time in June or July, according to the report.
Sprint Is Going To Try To Buy T-Mobile And Find A New CEO
2014-05-01 06:04:27| Telecom - Topix.net
Softbank, which owns most of Sprint, will make the offer some time in June or July, according to the report.
T-Mobile US pays steep price for 'best ever' quarterly net adds
2014-05-01 02:00:00| Total Telecom industry news
Operator signs up 2.4 million new customers but swings to Q1 net loss.
Tags: net
price
pays
quarterly
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