AAPL Stock: 117.81 ( -0.22 )

Printed from

MetroPCS gains 132,000 users, sees profit drop 63%

updated 08:30 am EDT, Thu April 26, 2012

MetroPCS delivers mixed Q1 2012 results

MetroPCS has recorded a mixed first quarter result gaining 132,000 new users, but seeing profits slump 63 percent over the same period last year. Gross income was up at $1.3 billion against $1.2 billion against the same period last year, however the costly rollout of its new 4G network had an adverse impact on its bottom. This was compounded by what it called an increase in the 'retention expense' of attracting new users, which it calculated as being 16 percent higher than in the past.

MetroPCS says it minimized customer churn at 3.1 percent of its customer base, while it now has over 580,000 customers on 4G LTE plans. This represents 6 percent of its user base now established on the next-generation mobile network technology. A further highlight was that the telco managed to upgrade 16 percent of its existing subscribers from a feature phone to a new smartphone.

Overall, the MetroPCS says that it is well placed to deliver further growth moving forward. Its net profit for the quarter was $262 million while it now has a total subscriber base of 9.5 million customers.

by MacNN Staff




Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented