MetroPCS loses customers, adds to LTE posted by Joe on October 31st, 2012 - 10:09 am | MetroPCS
It’s usually not good news when a cellular provider loses customers in any given quarter. Yet the news that MetroPCS lost more than 300,000 subscribers in the third quarter actually boosted its standing. The reason: 4G LTE services. While Metro’s subscriber numbers dipped to 8.9 million, they now boast 1 million of them using 4G LTE services. LTE users provide a higher ARPU for the company, meaning it reported higher net income numbers than the third quarter of 2011. As we learned during the third quarter, T-Mobile has made a bid to acquire MetropCS, though Softbank, which will acquire a significant stake in Sprint, could be poised to make a counteroffer. Given its shift towards more profitable LTE customers, it’s no wonder why MetroPCS is in demand.