T-Mobile shares Q3 2012 results, reports net customer additions of 160,000Alex Wagner - Senior News Editor
T-Mobile this morning rounded out the third quarter results reporting for the big four U.S. carriers, coming two weeks after Sprint shared its numbers. T-Mobile says that it added a total number of 160,000 customers in the quarter, thanks to additions of 365,000 prepaid customers and 287,000 wholesale users that helped to offset T-Mobile's 492,000 postpaid subscriber loss. The carrier explains that that loss is an improvement from Q2 2012 but an increase from Q3 2011, which it says is due to the launch of the iPhone 5. T-Mo also reports that 3G and 4G smartphones grew 23 percent year-over-year to 2.3 million and accounted for 77 percent of its unit sales.
When it comes to financial figures, T-Mobile reports total revenues of $4.9 billion for the third quarter and total service revenues of $4.3 billion, which are year-over-year decreases of 6.4 and 8.7 percent, respectively. T-Mo did an a year-over-year increase in its branded prepaid revenues, which grew 38 percent to finish at $450 million.
T-Mobile managed to have a better quarter in Q3 on the subscriber side of things than it did in Q2 when it lost 557,000 postpaid users and had a net customer loss of 205,000. The magenta carrier wasn't so lucky when it came to financials, though, as both its total revenues and service revenues saw slight drops from Q2. T-Mo did have some other Q3 highlights to make up for the slight revenue loss, including the launch of the Galaxy Note II, the spread of its 1900MHz HSPA+ network and the merger with MetroPCS, the last of which T-Mobile says will allow it a deeper LTE deployment, so it looks like Magenta does have a few things to be upbeat about. You can find both T-Mobile's Q3 highlights and its full Q3 report at the links below.