T-Mobile USA has reported that at the end of the first quarter 2008, T-Mobile USA had 30.8 million customers, adding 981,000 net new customers during the first quarter, OIBDA of $1.44 billion, up 18% compared to the first quarter of 2007, and reduced contract customer churn to 1.7% from 1.9% in the first quarter of 2007.
During the quarter, T-Mobile USA’s acquisition of SunCom Wireless (SunCom) closed, adding 1.1 million customers and networks in the Southeastern United States, Puerto Rico and the US Virgin Islands. SunCom is reflected as part of T-Mobile USA’s results from February 22, 2008, and did not have a significant impact on T-Mobile USA’s first quarter 2008 consolidated results and metrics.
“T-Mobile has again delivered another quality customer growth quarter while pushing the innovation frontier in communications,” said Robert Dotson, President and CEO, T-Mobile USA. “In the quarter we crossed the 30 million customer mark more than tripling our customer base over the past six years under the T-Mobile brand. We also finalized our SunCom acquisition, filling in the last major part of our footprint in the Carolinas and Puerto Rico and we are delighted to have the great employees of SunCom join our team. Our recent service introductions also have cracked open access to new areas of growth with targeted offerings in traditional landline replacement and advanced payment wireless plans along with the continued popularity of our unlimited myFavessm offering."
Contract customer net additions in the first quarter of 2008 made up 75% of customer growth, consistent with the fourth and first quarters of 2007 which were 77% and 74%, respectively. Blended churn, including both contract and prepaid customers, was 2.6% in the first quarter of 2008, down from 2.8% in the fourth quarter of 2007 and in line with the first quarter of 2007.
Service revenues, consisting of contract, prepaid, and roaming and other service revenues, rose to $4.57 billion in the first quarter of 2008, up from $4.37 billion in the fourth quarter of 2007, and up from $3.99 billion in the first quarter of 2007.
Posted to the site on 8th May 2008
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