Printed from http://www.electronista.com

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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News