MetroPCS results claim 1 million 4G LTE user barrier broken
updated 09:08 am EDT, Tue October 30, 2012
MetroPCS has passed the 1 million 4G LTE subscriber barrier, according to its third quarter results. The milestone represents approximately 12-percent of the company's total subscriber base of 9 million, itself lower than the previous quarter by over 312,000 customers, down 2-percent from the same quarter last year.
Quarterly consolidated total revenues totaled $1.3 billion, up 4-percent year-on-year. Net profit hit $193 million, up $44 million from Q2, and almost triple that of Q3 in 2011. Quarterly income from operations is also up compared to the same period last year, raising 65 percent to $292 million.
The improved revenues and profits will be a good sign for Deutsche Telekom, which is in ongoing talks to buy MetroPCS. Though a merger of the two carriers would improve T-Mobile's customer base to around 42 million subscribers, this will not be enough to overtake Sprint as the third-largest US carrier.
