News by Dan Seifert on Thursday July 26, 2012.
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Fifth-place carrier MetroPCS is the latest to report its financial earnings for Q2 2012, and though the carrier lost customers in the quarter, it still managed to improve its financials over the same period last year.
MetroPCS reported losses of 186,000 subscribers in Q2, leaving it with 9.3 million total. The carrier says that it increased its LTE customer base, however, pushing it past 700,000 customer or 8 percent of its total base.
Despite the losses in total customers, Metro reported revenues of $1.3 billion, a 6 percent increase year-over-year. Similarly, net income increased to $149 million, a significant 77 percent increase over Q2 2011.
Looking toward the second half of the year, MetroPCS plans to continue its deployment of 4G LTE service across its network. It expects to have a full 10MHz of spectrum dedicated to LTE service in most major metropolitan areas by the end of the year. The carrier says that its aggressive push of 4G LTE devices will return it to subscriber growth by the fourth quarter.source: MetroPCS
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.