By Allen Tsai | Thu Feb 25, 2010 12:14 pm |
T-Mobile reported a fall in earnings, despite adding 371,000 new customers in the last quarter, due to gains in its lower-paying prepaid business.
The Bellevue, Wash.-based carrier said it signed 488,000 prepaid customers, but lost 117,000 more-valuable contract users, for a total of 33.8 million year-end subscribers -- a major concern as postpaid consumers increasingly turn to rivals who offer more robust data services for smartphones.The company said its net income slid to $306 million from $483 million in the fourth quarter, with revenue dropping to $5.41 billion from $5.72 billion, due mainly to intensified price cuts in voice and text-messaging services. Meanwhile, Verizon and AT&T have added millions postpaid customers as they race to build out their new fourth-generation, or 4G, wireless networks. Suffering from perceptions that its data network is inferior, T-Mobile is hoping to reverse its slide by building a 4G network of its own to compete for higher-paying smartphone buyers with data plans. Earlier this month, its parent company, Deutsche Telekom, was considering a spinoff or public offering to help fund its network expansion. "An initial public offering could be an option, but it's not necessary," said Timotheus Hoettges, Deutsche Telekom's chief financial officer. T-Mobile, the fourth-largest U.S. wireless operator, has a mere 14 percent market, trailing far behind leaders AT&T, Verizon and Sprint.
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Wed Feb 08, 2012 2:39 pm | By
T-Mobile is enticing customers with free 4G devices on Saturday for a Valentine's Day promotion, as it strives to lure data-hungry subscribers and clear inventory for newer devices.
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Tue Jan 31, 2012 11:52 am | By
T-Mobile is placing a limit on consumers' use of domestic data, as the carrier looks to cut costs to stay competitive.
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Tue Jan 24, 2012 11:21 am | By
AT&T will transfer $1 billion in spectrum to T-Mobile, bolstering its would-be partner after the failed merger attempt.
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Fri Jan 20, 2012 11:05 am | By
T-Mobile is offering a special promotion on data, as the carrier attempts to keep up with its rivals.
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Wed Jan 18, 2012 11:50 am | By
T-Mobile and Wal-Mart are offering a plan that includes unlimited data, underscoring T-Mobile's return to value plans for budget-conscious subscribers as it strives to stay competitive.
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