T-Mobile USA warned that its situation was quickly getting worse with more subscriber losses. It shed a total of 99,000 customers in its winter quarter, more than the 77,000 from a year ago and four times the 23,000 it lost in the fall. The absolute drop was pinned on 471,000 contract subscribers exiting due to “competitive pressures.”
The company also saw its revenue drop slightly year-over-year to $5.16 billion and its profit cut by more than half, down from $362 million to $135 million.
T-Mobile has been seeing a greater shift towards smartphones and started off the year by unveiling a large number of them within just a few months,
T-Mobile didn’t say how many of the customers had left to avoid being subsumed by AT&T, but the CEO of T-Mobile’s parent company Deutsche Telekom, Rene Obermann, reiterated beliefs that the provider wouldn’t stop competing with AT&T until the deal was finished.
