Friday, August 7, 2009

T-Mobile adds subscribers at a slower pace as revenues fall

T-Mobile USA, the fourth largest wireless carrier in the U.S., said that it netted 325,000 new customers during the second quarter as revenues fell slightly to $5.34 billion.

T-Mobile also has been struggling to hang onto customers, with a contract churn rate that increased to 2.2 percent from 1.9 percent for the same period last year.  The number of new subscribers also has slowed, with 415,000 net additions in the first quarter and 668,000 in the second quarter of last year.

T-Mobile, with 33.5 million subscribers, boosted its operating income before depreciation and amortization (OIBDA) to $1.6 billion. That was up 16 percent over the first quarter and up 1 percent over the same period last year. Full press release here.

Meanwhile, T-Mobile plans to introduce its new myTouch 3G -- built on Google's Android operating system -- today in by having 100 skydivers form a "T" as they fall from the sky above San Francisco. (Cnet has a photo gallery of the extravagant launch ceremonies here).

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