MetroPCS to launch LTE as a pre-paid service, announces annual results

1 Mar 2010

According to a report by FierceBroadbandWireless, citing company CEO Roger Linquist, MetorPCS will launch Long Term Evolution (LTE) as a pre-paid service, when it lights up the network in late-2010. Linquist indicated that the operator planned to promote the service as a non-contract month-to-month offering with no device subsidy attached. As reported by CommsUpdate on 16 September 2009, MetroPCS selected Ericsson to provide network infrastructure for the launch, while Samsung will provide the operator with its first LTE handset, a dual-mode LTE/CDMA smartphone. Linquist added: ‘We believe there can be a renaissance in the no-contract wireless service segment as 4G becomes readily available.’

Meanwhile, MetroPCS posted revenues of USD3.48 billion in 2009, up from USD2.75 billion a year earlier. Net income for the year ended 31 December 2009 was USD177 million, rising from USD149 million in 2008. The company added 1.27 million net new subscribers in the period, ending December 2009 with a customer base of 6.63 million. Regarding the results, Linquist said: ‘We delivered solid net subscriber additions and strong financial results for the quarter in the midst of ongoing US macro-economic weakness and an increasingly competitive environment. For the fourth year in a row, we reported total net subscriber additions of one million or higher, adding approximately 1.3 million net additions in 2009. Our core market subscriber base grew in excess of 11% in 2009 and our recently launched Northeast markets also delivered solid growth.’

United States, Metro by T-Mobile