Andre Yoskowitz
6 May 2011 22:45
T-Mobile saw a massive spike in customer desertions last quarter, mainly due to "competitive pressures."
The carrier lost 471,000 net contract customers in the Q1, compared to 318,000 in the Q3 and just 77,000 in the same period last year.
Overall subscribers fell by 99,000 for the quarter as new and renewing customers could not make up the difference.
T-Mobile says "the decline in net contract customers was driven primarily by fewer contract gross customer additions and continued high contract churn due to competitive pressures."
For the quarter, the carrier showed $135 million profit, down from $362 million in 2010. Revenue was down also.
Earlier this year AT&T announced it was purchasing T-Mobile for $39 billion. That deal requires at least 10 more months before it can be approved by anti-trust regulators, however.
(Pic, source via ZD)