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T-Mobile to launch LTE service next year; carrier lost 802,000 contract customers in Q4

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T-Mobile to launch LTE service next year; carrier lost 802,000 contract customers in Q4
Not having an Apple iPhone 4S to offer its customers as the latest iteration of the smarthphone launched in October, T-Mobile saw 802,000 contract customers leave in Q4. We would assume that many of them felt that paying the ETF to break a contract was worth it so that they could purchase the Apple iPhone 4S. Fourth quarter revenue slid 3.3% to $20.6 billion.

There was some good news emanating from T-Mobile's parent company, Germany's Deutsche Telecom. Thanks to spectrum given to T-Mobile as a "consolation prize" by AT&T after it pulled out of its proposed purchase of the nation's fourth largest carrier, an investment of $1.4 billion and refarmed frequencies, T-Mobile will be able to offer 4G LTE service to its customers sometime in 2013. That would mean that all of the top four Stateside mobile operators would have LTE networks and could offer fast 4G data speeds to its customers.

Of the top four U.S. carriers, Verizon currently has the largest LTE footprint, followed by AT&T.

source: AllThingsD

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