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MetroPCS Posts Higher Profits As Customer Base Shrinks
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USA based MetroPCS has announced its financial results, and reported a 6 percent rise in revenues to US$1.28 billion, while net profit jumped by 77% to US$149 million.
However, the company lost 186,000 customers during the quarter, leaving it with 9.3 million subscribers. Of the total, some 700,000 are using the company's new LTE network.
Average revenue per user (ARPU) of $40.62 for the second quarter of 2012 represents an increase of $0.13 when compared to the second quarter of 2011. The increase in ARPU was primarily attributable to the mobile broadband tariffs.
Roger D. Linquist , Chairman and Chief Executive Officer of MetroPCS , said, "During the second quarter, we focused on generating Adjusted EBITDA and cash flow versus subscriber growth as we position for our anticipated launch of 4G LTE For All by the end of the third quarter."
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