[telecom] T-Mobile USA Breaks 30 Million Customer Milestone and Reports First Quarter 2008 Results
Mr Joseph Singer
-- 981,000 net new customers added in the first quarter
-- Total customer additions of 2.1 million, including acquired SunCom
base
-- Service revenues of $4.6 billion in the first quarter of 2008, up
14% from the first quarter of 2007
-- $1.44 billion Operating Income Before Depreciation and Amortization
("OIBDA") in the first quarter of 2008, up 18% from the first quarter
of 2007
-- Contract customer churn 1.7% in the first quarter, down from 1.9% in
the first quarter of 2007
-- Acquisition of SunCom Wireless closed February 22
-- 3rd generation UMTS/HSDPA network launched in New York City on May 5
- 3G network to lay the foundation for future growth
BELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile USA, Inc. (T-Mobile USA)
today reported first quarter 2008 results. During the quarter, T-Mobile
USA’s acquisition of SunCom Wireless (SunCom) closed, adding 1.1
million customers and networks in the Southeastern United States,
Puerto Rico and the US Virgin Islands. SunCom is reflected as part of
T-Mobile USA’s results from February 22, 2008, and did not have a
significant impact on T-Mobile USA’s first quarter 2008 consolidated
results and metrics unless specifically stated below. At the end of the
quarter, T-Mobile USA had 30.8 million customers, adding 981,000 net
new customers during the first quarter, OIBDA of $1.44 billion, up 18%
compared to the first quarter of 2007, and reduced contract customer
churn to 1.7% from 1.9% in the first quarter of 2007.