Virgin Mobile Unveils Q4 KPIs

Company announces gross customer additions of 960,000 in Q4 2008

January 8, 2009

1 Min Read

WARREN, N.J. -- Virgin Mobile USA (NYSE: VM - News), a leading national provider of wireless communications services, today announced selected preliminary key metrics for the three months and full year ended December 31, 2008. The results reported are preliminary and subject to completion of full audited financial statements for the period referenced.

Fourth quarter net customer additions were approximately 216,000 with churn for the fourth quarter 2008 of 4.8%, as the Company saw a benefit from consumers looking for value in a challenging economic environment.

Virgin Mobile USA ended the year with approximately 5,380,000 customers, including customers added with the acquisition of Helio, which closed on August 22, 2008. The Company attracted more than 3.3 million gross customer additions during the year.

"The initiatives we have implemented throughout 2008 have begun to show clear benefits to our results," said Virgin Mobile USA CEO Dan Schulman.

Virgin Mobile USA Inc. (NYSE: VM)

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