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MetroPCS Revenues Up in Q3; 1M LTE Subscribers

by Todd Haselton | October 30, 2012October 30, 2012 9:00 pm PDT

MetroPCS reported its third quarter 2012 earnings on Tuesday. The carrier, which is in acquisition talks with T-Mobile USA, said it now has more than 1 million 4G LTE customers accessing its network. The carrier’s revenue was up 4% at $1.3 billion over the same quarter last year, which beat Street estimates of $1.25 billion, and it also reported a profit of $193 million. That’s up from the $69 million in profits it recorded during the third quarter of 2011, CNET┬ásaid. Despite a strong quarter on the books, MetroPCS lost 312,000 subscribers and now serves 8.9 million total subscribers.

“Late in the third quarter, we launched 4G LTE For All and while still early, we are pleased with initial results, including customer upgrades and churn,” MetroPCS CEO Roger Linquist said. “As we enter the fourth quarter, our 4G LTE For All efforts are in full-swing and with over one million 4G LTE subscribers at the end of the third quarter, we believe we are well positioned to meet the current demands for high-speed wireless broadband service.

Linquist said MetroPCS plans to focus on subscriber growth during the fourth quarter of this year and hopes that its 4G LTE handset line-up and affordable prices will attract new customers.

[via CNET]

 


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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