New plans at T-Mobile USA helped the struggling No. 4 carrier stabilize
its business in the third quarter after dismal results earlier this
year.
The improvement comes as AT&T Inc.'s deal to buy T-Mobile from its German parent Deutsche Telekom AG has hit a roadblock in Washington. The Justice Department sued to stop the deal in August, saying it will reduce competition in the industry.
T-Mobile USA on Thursday said it gained a net 126,000 subscribers in the July to September period after three quarters of losses. It still lost contract subscribers, who are the most lucrative, but at a slower rate. The company credited its "Value" plans, which give subscribers the option to pay lower monthly fees if they bring their own phones or pay full price for new phones.
T-Mobile USA gained non-contract subscribers under its own brand for the
first time in more than a year, helped by plans that provide access to
faster "4G" data service.
read more >>
The improvement comes as AT&T Inc.'s deal to buy T-Mobile from its German parent Deutsche Telekom AG has hit a roadblock in Washington. The Justice Department sued to stop the deal in August, saying it will reduce competition in the industry.
T-Mobile USA on Thursday said it gained a net 126,000 subscribers in the July to September period after three quarters of losses. It still lost contract subscribers, who are the most lucrative, but at a slower rate. The company credited its "Value" plans, which give subscribers the option to pay lower monthly fees if they bring their own phones or pay full price for new phones.
AP
A sign for a T-Mobile store is displayed,... View Full Caption
read more >>
No comments:
Post a Comment