MetroPCS Loses 93,000 Subscribers in Q4 2012
DALLAS -- MetroPCS Communications, Inc. (NYSE: PCS), the nation's leading provider of no annual contract, unlimited, flat-rate wireless communications service, today announced selected subscriber information for the quarter and year ended December 31, 2012. In the fourth quarter of 2012, MetroPCS reported gross additions of 866 thousand subscribers, which represents a 29% decrease over the fourth quarter of 2011. The Company ended the fourth quarter of 2012 with approximately 8.9 million subscribers, which includes net subscriber losses during the quarter of 93 thousand subscribers. The Company surpassed 2.2 million 4G LTE subscribers, an increase of 117% from the third quarter of 2012. Churn for the fourth quarter of 2012 was 3.6% compared to 3.7% in the fourth quarter of 2011 and down from 3.7% in the third quarter of 2012. The decrease in churn was primarily driven by normal seasonal effects related to traditional retail selling periods, continued investments in our network and lower year-to-date subscriber growth. MetroPCS Inc.