Strong quarter for MetroPCS

7 Oct 2008

The low-cost wireless operator MetroPCS has announced its subscriber metrics for the third quarter, with the Dallas-based company adding 249,000 net new customers to take its total subscriber base to 4.85 million. Growth was 118% higher than in the same period last year. Customer churn rose slightly from 4.5% in the second quarter to 4.8% in the period under review, though it was down from 5.2% in 3Q 2008. MetroPCS chairman, president and chief executive Roger D. Linquist said the positive results had come despite a ‘particularly challenging economic environment’ and in what is normally the firm’s weakest quarter of the year. ‘Clearly, these results demonstrate the resiliency of the MetroPCS business and highlight the value proposition to our subscribers of our predictable, affordable and flexible service offerings,’ he said. MetroPCS owns or has access to licences covering a population of approximately 149 million people in 14 of the top 25 largest metropolitan areas in the United States, including Los Angeles, San Francisco, Dallas, Philadelphia, Atlanta, Detroit and Miami.

United States, Metro by T-Mobile (formerly MetroPCS)