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T-Mobile Q4 2012 revenue drops 5.2 percent to $4.9 billion, customers and income also fall
It might be a good thing that T-Mobile's in the crosshairs of a takeover by Deutsche Telecom, as the company again shed revenue, customers and profits. Total revenue dropped to $4.9 billion from $5.2 billion last year, while profits were down a whopping 25.1 percent over Q4 2011 to $1.05 billion. Meanwhile the company dropped 515,000 branded contract customers compared to 492,000 last quarter, representing a 'churn' rate of 2.5 percent, a slight improvement over last year. All that culminated in a rather miserable year for the carrier, which despite showing income of $4.9 billion for the year, took a whopping $11.3 billion in depreciation and impairment charges, resulting in a full year loss of $6.4 billion. Meanwhile, Deutsche Telecom said recently that T-Mobile would soon fall under its umbrella along with MetroPCS as early as April -- which sounds like it can't come soon enough.
Filed under: Cellphones, Wireless, Mobile, T-Mobile
Source: Business Wire
Original Link: http://www.engadget.com/2013/02/28/t-mobile-revenue-drops-5-2-percent-to-4-9-billion/
Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget