MetroPCS today reported a pretty solid fourth quarter that saw the company gain a 26 percent LTE customer base, and $1.3 billion in revenue for Q4 and $5.1 billion total in 2012. In fact, revenues are at an increase of 4 percent compared to the fourth quarter of 2011. The prepaid carrier’s most encouraging news is that it now has 2.2 million customers on its young LTE network. MetroPCS has nearly 8.9 million subscribers, this after the company lost 93 thousand subscribers total over the same period.
Customer drop off was only at 3.4 percent, which is at the lowest level ever. Roger D. Linquist, Chairman and Chief Executive Officer of MetroPCS, believes things we’ll get even better because of the company’s aggressive LTE network expansion. Linquist in a said:
“The fourth quarter continues our transformation as a company to 4G LTE For All. We ended 2012 with over 2.2 million 4G LTE subscribers, double from where they were at the end of the third quarter of this year. 4G LTE subscribers at the end of 2012 represented 26% of our total subscriber base.”
MetroPCS is definitely on the rise, as it looks to keep customers and close its merger with T-Mobile USA by April. “We anticipate closing the transaction in early April.” All the company has to do is get majority of its shareholders on board, which seems to be happening. We’d be surprised if MetroPCS has any issues with the FCC and DOJ with signing off on this merger, once it is a done deal. Time will tell.
[via PR Newswire]