By Business Wirevia The Motley Fool
Filed under: Investing
T-Mobile USA Reports Preliminary First Quarter 2013 Customer Results
Positive Branded Net Customer Additions and Churn Improvements Demonstrate Continued Momentum and Solid Foundation for Bold ‘Un-carrier’ Moves in 2013
Summary of First Quarter 2013 Preliminary Key Customer Results:
- Total customer base increased 579,000 in the quarter to 34 million
- Branded net customer additions were positive in the quarter, a significant improvement of 352,000 sequentially
- Branded postpaid net customer losses improved to a loss of 199,000, a 61% improvement from a fourth quarter 2012 loss of 515,000
- Branded prepaid additions of 202,000, increased sequentially from 166,000, marking the seventh consecutive quarter of branded prepaid customer additions; T-Mobile has added approximately 1.7 million branded prepaid customers over the past seven quarters
- Branded postpaid churn declined to 1.9%, an improvement of 60 basis points sequentially and the best branded postpaid churn results in four years
BELLEVUE, Wash.–(BUSINESS WIRE)– T-Mobile USA, Inc. (“T-Mobile”) today provided a preliminary view of key customer results for the first quarter of 2013, demonstrating continued positive momentum and the building of a solid foundation for growth. The Company generated positive branded net customer additions, a significant improvement in branded postpaid net customer losses and continued improvement in churn performance in the quarter. The business returned to branded customer growth in the first quarter, ahead of the March 26 Un-carrier launch which includes a radically simple unlimited plan; no annual service contracts; unbundling the cost of the plan and device with lowest up-front costs; introduction of iPhone 5; and launch of LTE in seven metropolitan areas. T-Mobile will release full first quarter 2013 results on May 8, 2013.
Preliminary Key Customer and Churn Performance Results
Total net customer additions for the first quarter of 2013 were 579,000, with total branded customer growth of 3,000 customers. This is a significant improvement from a net loss of 349,000 branded customers in the fourth quarter of 2012.
Source: FULL ARTICLE at DailyFinance


