New York, NY, United States (4E) – T-Mobile U.S. Inc. posted a loss of $20mn in the fourth quarter, following a loss of $8mn from a year ago, according to the phone company’s report released Tuesday.
Revenue climbed 10 percent to $6.83bn, compared with analysts’ forecast of $6.95bn. Total selling expenses increased 20 percent on year.
Despite the loss, T-Mobile has been gaining against rivals AT&T Inc. and Verizon Wireless, especially as the company has expanded its lineup by adding Apple Inc.’s iPhone and other in-demand smartphones.
The company said its number of subscribers reached 46.7 million as of the end of the fourth quarter, a gain of 1.65 million from the previous year. Net branded customer gains were 981,000, though the cost of acquiring new branded customers surged 40 percent.
For the latest quarter, smartphone sales increased to 6.2 million units from 2.8 million units in the year-earlier period.
T-Mobile’s postpaid churn rate, which measures customer turnover, declined to 1.7 percent from 2.5 percent in the previous year.
In May last year, T-Mobile merged into MetroPCS Communications Inc. to become a public company. The company was previously operated by Deutsche Telekom AG, which continues to hold a majority stake in T-Mobile.