T-Mobile reports lower net income for fourth quarter
Part of the reason for the drop in earnings despite customer additions was the drop in contract Average Revenue Per User (ARPU) to $51 per month. That compares with the $52 monthly average for the third quarter and the $54 average for the 2008 period. Another reason for the earnings decline was the increase in the cost of acquiring a customer to $300 from $290 in the previous three month period and $270 a year ago. René Obermann, CEO of T-Mobile USA's parent company, Deutsche Telekom, said, "T-Mobile USA made significant progress in 2009 in expanding its 3Gnetwork, improving its 3G-capable device lineup, enhancing itsdistribution, and underscoring its value proposition. This creates asolid foundation to benefit from the robust mobile Internet market." The next earnings report will be the first to include any impact from the Nexus One. While Google is selling the handset on its web site, right now service is provided by only T-Mobile. On March 24th, the carrier is expected to launch the sizzling hot HTC HD2 which won't have any major impact until the company's second quarter report.
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