MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks

Regional network MetroPCS has announced total revenues of approximately $1.3 billion for Q1 2012, up from $1.2 bilion in the last quarter and up seven percent from the same period in 2011. Users on contract now total 9.5 million, with 16 percent of them making the move across to a smartphone. Net income has, however, dropped 63 percent since Q1 2011, with cost per user up 16 percent compared the same period last year. MetroPCS puts down to "retention expense" and the roll-out of its 4G network. The fifth biggest US carrier added over 131,000 new subscribers, but growth continues to slide -- it's down from 190,000 in Q4 2012. On the positive side, users are creeping onto the carrier's 4G network, with 580,000 LTE subscribers nowmaking up six percent of its total subscription base -- regardless of those creeping costs for unlimited data.

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MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks originally appeared on Engadget on Thu, 26 Apr 2012 07:34:00 EDT. Please see our terms for use of feeds.