Friday 5 August 2011

T-Mobile Loses 50,000 Customers in Quarter 2, Revenues Down Slightly

T-Mobile just released their quarterly earnings, and at first glance the numbers look bleak, but in reality are actually a slight improvement over last quarter. They dropped/lost 50,000 customers during this quarter; however, that is about half of the 99,000 they lost during the previous quarter. Additionally, their revenues were slightly down this quarter, from $5.2 billion in the previous quarter, to $5.1 billion. President and CEO Philipp Humm tried to downplay the bad news by pointing to the improvements they have made with expanded 4G coverage. Above is chart outlining some of the details.

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