MetroPCS net income down 48%

10 Aug 2009

US-based MetroPCS has reported a 48% year-on-year drop in net income for the three months ended 30 June 2009, down from USD50 million in 2Q08 to USD26 million a year later. Revenues for the period were up to USD860 million from USD679 million in 2008. Earnings before interest, tax, depreciation and amortisation (EBITDA) were up to USD234 million, equivalent to 30.1% of services revenues, up from USD210 million in the second quarter of 2008. The cellco added 205,585 net new subscribers in the quarter, ending June 2009 with 6.26 million customers. Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS, said: ‘After a full quarter of Northeast market results, we are pleased with this segment’s performance, highlighted by net subscriber additions. We continue to buildout and expand our network and increase distribution in parts of New York, New Jersey, Pennsylvania, Massachusetts and Connecticut, significantly enhancing our footprint beyond the initial launch footprint.’

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