Posted by T-Mobile USA, Inc. has reported first quarter 2008 results. During the quarter, T-Mobile USA’s acquisition of SunCom Wireless closed, adding 1.1 million customers and networks in the Southeastern United States, Puerto Rico and the US Virgin Islands. At the end of the quarter, T-Mobile USA had 30.8 million customers, adding 981,000 net new customers during the first quarter, OIBDA of $1.44 billion, up 18% compared to the first quarter of 2007, and reduced contract customer churn to 1.7% from 1.9% in the first quarter of 2007.
“T-Mobile has again delivered another quality customer growth quarter while pushing the innovation frontier in communications,” said Robert Dotson, President and CEO, T-Mobile USA. “In the quarter we crossed the 30 million customer mark more than tripling our customer base over the past six years under the T-Mobile brand. We also finalized our SunCom acquisition, filling in the last major part of our footprint in the Carolinas and Puerto Rico and we are delighted to have the great employees of SunCom join our team. Our recent service introductions also have cracked open access to new areas of growth with targeted offerings in traditional landline replacement and advanced payment wireless plans along with the continued popularity of our unlimited myFavessm offering.”
“T-Mobile USA continues to be a key growth and earnings driver and a centerpiece of our consumer business,” said René Obermann, Chief Executive Officer, Deutsche Telekom. “The SunCom acquisition underscores the soundness of our strategy to use smart acquisitions to continue growing our wireless portfolio.”
