T-Mobile reports Q2 results, loses 50,000 customers

Deutsche Telekom (Bonn, Germany) holding company T-Mobile USA released its second quarter results last week and reports losing 50,000 customers in the second quarter. The company reported a loss of 99,000 customers the first quarter, and 93,000 in the year-ago quarter.

T-Mobile USA served 33.6 million customers at the end of this quarter, according to the company.

Contract net customer losses were 281,000 in the second quarter of 2011, up 26% from the 382,000 net contract customer losses in the first quarter of 2011, but a decline from the 106,000 net contract customer additions in the second quarter of 2010.

According to T-Mobile, the improvement in net contract customer losses was driven primarily by the introduction of new unlimited rate plans in the second quarter, although the decline from the first quarter was due to “intense competitive pressures in the U.S. wireless marketplace.”

Total revenue totaled $5.1 billion in the second quarter of 2011, down from $5.2 billion in the first quarter of 2011 and $5.4 billion in the second quarter of 2010. The reason for the dip in revenue was because equipment revenues decreased due to lower handset sales volumes, according to the network provider.

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