T-Mobile posts Greater –Than- Expected Losses But Record Growth in Number of Subscribers
On Monday, T-Mobile US Inc. the fourth biggest wireless carrier in the U. States came out with its third quarter earnings reports. The company posted a record growth in the number of subscribers for this quarter as a result of huge marketing campaigns. However the earnings were not at all impressive as it booked more than expected losses which resulted from the expenditure of integrating its MetroPCS network.
In the last quarter the company added a1.4 million postpaid customers. These are the users who pay for the services after they have used it. The company expects to have 4a customer base of 4.3 million to 4.7 million in the current year. This figure is a big jump from the earlier estimated 3 million to 3.5 million.
The revenue increased by ten percent to $7.35 billion keeping parity with the forecast of Wall Street which figured it to be $7.4 billion.
A third-quarter loss of twelve cents per share was reported by the carrier, which was greater than a loss of five cents per share reported during the same time last year earlier when it shut down the unsuited MetroPCS networks both in Boston as well as Las Vegas.
New Zealand News
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