Another quarter, another half a million fewer postpaid customers for T-Mobile. Today the company reported its fourth quarter financial results, and while revenues are showing signs of growth, they’re still five percent lower than they were last year. Despite 19 percent growth in both its own branded and MVNO prepaid customers, it couldn’t offset the 13.9 percent drop in contract revenues, which make up more than two thirds of T-Mobile’s total revenue stream. The resulting billion-dollar drop in revenues for the year contributed to a year-end operating loss of $6.4 billion — 50 percent higher than 2011’s $4.3 billion loss. The news comes on the eve of a shareholder vote to approve T-Mobile’s merger with MetroPCS, scheduled for...
via The Verge - All Posts http://www.theverge.com/2013/2/28/4039096/t-mobile-usa-struggles-ahead-of-metro-pcs-merger
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