MetroPCS profits by the amount of $149 million in the second quarter

MetroPCS profits by the amount of $149 million in the second quarter
It was a stunning second quarter for pre-paid carrier MetroPCS. Net earnings for the second quarter came to $149 millio, up a healthy 77% from the 2011 net. Service revenue was up 4% over the year, reaching $1.2 billion in Q2. At 3.4%, second quarter churn was down from 3.9% in the same period of 2011. During the three months, MetroPCS lost 186,000 subscribers and the ARPU came to $40.62, up from $40.49 seen in the 2011 quarter. The mobile operator now has more than 700,000 subscribers using its LTE 4G network which works out to 8% of its total subscribers.

The company expects to launch its 4GLTE For All promotion in this quarter with the program leading the company back to subscriber growth in the fourth quarter. Before the ball drops in Times Square to ring in 2013, MetroPcs says it will release 6 to 7 new LTE enabled handsets. This will add to the four existing LTE models on the carrier's lineup. With the addition of new services for 4G customers like mobile TV from Dyle, MetroPCS expects many of its 3G customers to make the switch to LTE.

MetroPCS also plans on refarming some of its 3G bandwidth to use it for LTE. The carrier says it is looking for ways to add more spectrum and also hopes to add services that will allow customers to use voice and data at the same time. Sometime this year, it will offer Voice over LTE service. With 9.3 million subscribers, MetroPCS is the nation's fifth largest carrier behind T-Mobile.

source: MetroPCS

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