T-Mobile USA reported second quarter 2011 results -- the company reported service revenues of $4.6 billion, consistent with service revenues in the Q1 2011, and adjusted OIBDA of $1.3 billion, up from $1.2 billion reported in the Q1 2011. The number of Americans covered by 4G network and the number of customers using 3G/4G smartphones both continued to increase significantly during the quarter, driving growth in data ARPU. Additionally, net customer losses were 50,000 in the Q2 2011, nearly a 50% improvement from the 99,000 net customer losses in the Q1 2011 and 93,000 lost subscribers in the year-ago quarter.
Quarterly revenue came in $5.1 billion compared to $5.4 billion in the year-ago quarter. Net income was $212 million, down 48% from the $404 million reported in the Q2 of 2010.
Contract churn continues to be high, 2.4%, consistent with the Q1 but up from 2.2% in the year-ago period. Blended churn that encompasses prepaid and contract customers declined sequentially to 3.3%. The carrier cited "competitive pressures" for high churn and loss of customers. Their 3G/4G smartphone customers now account for 29% of total customers, up 27% sequentially and 19% annually. The company will continue expanding HSPA+ 42 coverage that encompassed 170 million people in the quarter.
T-Mobile USA Reports Q2 of 2011 Results
Adjusted OIBDA of $1.3 billion in the Q2'2011, up from $1.2 billion in the first quarter of 2011 but down from $1.4 billion in the second quarter of 2010
- Service revenues in the second quarter of 2011 of $4.6 billion, consistent with the first quarter of 2011, but down 1.7% from $4.7 billion in the second quarter of 2010
- Contract ARPU of $53 in the second quarter of 2011, up from $52 in the first quarter of 2011 and each of the previous four quarters
- Data ARPU of $13.60 in the second quarter of 2011, up $2.00 or 17.2% from the second quarter of 2010
- Net customer losses of 50,000, an improvement from 99,000 net customer losses in the first quarter of 2011 and 93,000 net customer losses in the second quarter of 2010
- Nearly 10 million customers using 3G/4G smartphones as of the second quarter of 2011, an increase of 50% from the second quarter of 2010
- America's Largest 4G Network currently covers over 200 million people in over 190 markets and is being upgraded to even faster speeds (HSPA+ 42), which now covers more than 170 million people in over 100 markets
Here's the full press release:
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