New York, NY, United States (4E) – T-Mobile US Inc. reported that it attracted another 1.3 million subscribers for its wireless postpaid service, its strongest quarterly net gain, continuing its fast customer growth as it tries to compete against its bigger rivals.
The company reported overall quarterly loss of $151mn, or 19 cents per share, from a profit of $107mn in the year-ago period.
Revenue surged 47 percent to $6.88bn, but total operating expenses accelerated at a faster pace at 61 percent. Analysts expected revenue to be at $6.92bn.
The fourth-biggest wireless carrier in the U.S. has managed to add a significant number of postpaid subscribers, as the company tried to change the wireless industry landscape by doing away with carrier contracts and spending more on marketing. But the higher cost of attracting more business has hurt the company’s margins and increased recent losses.
In the first quarter, the company suffered a quarterly loss due to higher costs from acquisition of new customers and improvement of its network, outpacing the rise in revenue.
Last year, T-Mobile merged into MetroPCS Communications Inc. to become a public company. It used to be operated by Deutsche Telekom AG, which still has a controlling stake in the company.