T-mobile Q3 2004 results

T-Mobile USA, the subsidiary of Deutche Telekom AG today released their Q3 results. Most important number are:

• 901,000 net new customers
• Net Income of $254 million
• Net new customers totaled 3.2 million during the first three quarters of 2004
• About 90% of the growth in the third quarter of 2004 came from new postpay customers, whichcurrently comprise 89% of the customer base
• Service revenues, which consist of postpay, prepaid, and roaming and other service revenues, were $2.61 billion in the third quarter of 2004, up from $2.46 billion in the second quarter of 2004
•  Average Revenue Per User (ARPU) was $55
• Churn averaged 2.6%
• The average cost of acquiring a customer, Cost Per Gross Add (CPGA) was $301
• Capital expenditures were $453 million in the third quarter of 2004, down from $664 million in the second quarter of 2004 and up from $407 million in the third quarter of 2003

Source:
BusinessWire.com