Virgin Mobile, Leap Wireless Q4 subscriber results

8 Jan 2009

Virgin Mobile USA announced it added 216,000 new customers in the fourth quarter of 2008, taking its subscriber base to a total of 5.38 million. The churn rate was 4.8% for the three months to 31 December. CEO Dan Schulman said, ‘Our hybrid plans continue to grow in popularity, accounting for over 50% of our gross adds in October and November and 29% of our subscriber base at the end of November.’

Meanwhile Leap Wireless International announced that it added in the region of 385,000 net customers during the fourth quarter of 2008, including approximately 79,000 broadband net additions. Leap ended the year with approximately 3.84 million customers, up 34% year-on-year. Total company customer churn for the fourth quarter of 2008 was 3.8%. Doug Hutcheson, Leap’s CEO and president said, ‘Strong performance in the company’s existing markets reflects the success of our market enhancement strategies, and our broadband customer additions were strong and within our guidance.’

United States, Leap Wireless International