T-Mobile grows customers in Q1 2012

T-Mobile grows customers in Q1 2012
T-Mobile has released its financial and performance report for the first quarter of the year, and while customers increased, the company reported mixed earnings with revenue sliding dow, but operating income growing.

T-Mobile subscribers grew by a net count of 187,000 in the first three months of 2012, mainly due to a surge in prepaid users that helped compensate for a loss of nearly 510,000 postpaid contract subscribers. That’s good news, when looking back at previous quarters when TMo lost customers.

Here are the financial highlights for T-Mobile first quarter:

T-Mobile is reassuring investors that its LTE network development is progressing as planned, and on track for 2013 launch. At the same time, the company is moving to 1900MHz HSPA+ 4G, that will allow it to support the iPhone. The carrier is also relying on handsets like the HTC One S and Nokia Lumia 710 to lure in even more customers in Q2 2012.

source: T-Mobile

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