T-Mobile USA Nears 28 Million Subscriber Mark

T-Mobile USA has reported that at the end of the 3rd quarter, the company had almost 28 million customers, adding 857,000 net new customers during the quarter. T-Mobile USA also reported ARPU of $53 in the quarter, up from $52 in the third quarter of 2006, OIBDA of $1.41 billion, up 15.1% compared to the third quarter of 2006, and a reduction in contract customer churn to 2.0% from 2.3% in the third quarter of 2006.

Contract customer net additions in the third quarter of 2007 made up 65% of customer growth, down from 80% in the second quarter of 2007 and 96% in the third quarter of 2006.

"Right around the beginning of the quarter, we introduced yet another in our series of breakthrough services aimed at bringing T-Mobile to greater numbers of new customers," said Robert Dotson, Chief Executive Officer and President of T-Mobile USA, "Our new HotSpot @HomeSM service is changing the game by allowing customers to make unlimited calls from home over Wi-Fi while providing the best in-home wireless coverage possible. This service opens up an important new growth area for our company to go after, the displacement of landline telephone service with T-Mobile service. We also continue to add greater numbers of new customers onto myFavesSM with more than 3.5 million people on the service and growing."

Posted to the site on 8th November 2007