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T-Mobile US raises FY subscriber growth target again

2014-10-28 08:46:00| Telecompaper Headlines

(Telecompaper) T-Mobile US has again raised its outlook for customer growth this year, now forecasting branded postpaid net additions of 4.3-4.7 million thanks to a strong last quarter. It previously expected to add 3.0-3.5 million new postpaid users. The operator left its adjusted EBITDA outlook unchanged at USD 5.6-5.8 billion, and said it will report at the "very low end" of the range due to extra costs for the customer growth. In the third quarter, the company added a record 1.397 million postpaid customers under the T-Mobile brand. Including the MetroPCS brand and wholesale, net customer gains reached 2.345 million, for a total base of 52.9 million at the end of September. T-Mobile grew quarterly service revenues 10.6 percent year-on-year to USD 5.684 billion. Equipment sales were up 6.4 percent to USD 1.561 billion, as T-Mobile sold 7.7 million devices in the quarter. ARPU was still under pressure from the switch to Simple Choice plans and extensive promotions in the period. Branded postpaid ARPU fell 5.3 percent year-on-year to USD 49.84, while prepaid ARPU rose 5.3 percent to USD 37.59, driven by MetroPCS. The higher costs for adding more customers led to flat adjusted EBITDA of USD 1.346 billion for Q3. The net loss widened to USD 0.12 per share from USD 0.05 a year ago due to the costs of shutting down the MetroPCS network.

Tags: growth target subscriber raises

Subscriber growth continues at China Telecom

2014-10-28 01:00:00| Total Telecom industry news

Chinese telco posts second month of customer growth; nine-month net up 9.8%.

Tags: china growth continues telecom

MTN Group raises FY subscriber growth forecast

2014-10-23 10:07:00| Telecompaper Headlines

(Telecompaper) MTN Group has raised its full-year subscriber guidance, saying that it plans to add 17.5 million net subscribers this year, compared with previous guidance of 17.25 million. It said growth in its domestic South African market helped offset contraction in its largest market, Nigeria. The MTN customer base grew 2 percent to 219 million in the three months to September. Performance was hit by continued aggressive competition and stringent regulatory requirements, CEO Sifiso Dabengwa said. The improved outlook is based on improved customer growth in South Africa, Cameroon and Iran, offset by weaker results in Nigeria.

Tags: group growth subscriber forecast