Rising expenses see T-Mobile profits fall

11 May 2009

T-Mobile USA, the country’s fifth largest mobile operator by subscribers, has reported net profit of USD322 million for the first quarter of 2009, down USD140 million from the same period a year earlier. Revenues climbed by 4% to USD5.39 billion in the three months ended 31 March. Increased revenues were offset by a 6.5% year-on-year rise in operating expenses, up to USD4.71 billion. Capital expenditure was up USD435 million to USD1.13 billion, as the company invested in its W-CDMA/HSDPA based network. The company added 415,000 net new customers in 1Q 2009, to end the quarter on 33.17 million.

United States, T-Mobile US