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Entries in MetroPCS:PCS (30)

Thursday
May102012
DateThursday, May 10, 2012 at 10:05AM

T-Mobile Kicking the Tires on MetroPCS?

Source: Bloomberg

According to an article on Bloomberg, Deutsche Telekom AG is discussing a merger of its T-Mobile USA unit with MetroPCS Communications Inc. as it reviews options for the customer-losing business, according to people familiar with the matter.

Bloomberg reported that Deutsche Telekom is considering a stock-swap transaction that would give the German company control over the combined entity, which would be publicly listed, said two of the people, who declined to be identified because the talks are private. Other options include an initial public offering or an outright sale of T-Mobile USA, the people said, adding that Deutsche Telekom is also in talks with other companies.

AuthorDeborah Rand | Comments Off | | | Print ArticlePrint Article
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Thursday
Apr262012
DateThursday, April 26, 2012 at 12:28PM

Handset Upgrades Pressure 1Q12 Margins at MetroPCS

Source: MetroPCS Press Release

MetroPCS Communications, Inc. (NYSE: PCS) announced financial and operational results for the quarter ended March 31, 2012. MetroPCS reported quarterly Adjusted EBITDA of $262 million for the first quarter 2012 and ended the quarter with approximately 9.5 million subscribers.

Roger D. Linquist, chairman and ceo of MetroPCS, said, “Our first quarter results highlight our continued focus on getting affordable 4G LTE smartphones into the hands of our customers. We upgraded 16% of our subscriber base, 40% of which went from a feature phone to a smartphone, and we reported churn of 3.1%, matching the all-time low for the Company. However, the significant number of upgrades at a higher promotional handset cost during the quarter resulted in higher costs and as a result both Adjusted EBITDA and Adjusted EBITDA margins were pressured significantly."

AuthorDeborah Rand | Comments Off | | | Print ArticlePrint Article
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Sunday
Feb262012
DateSunday, February 26, 2012 at 2:31PM

Sprint Board Rejects Bid for MetroPCS

Source: CNBC

According to an article on CNBC, Sprint's board of directors, after months of work on a deal to acquire pre-paid wireless company MetroPCS, has decided to walk away from the deal.

According to David Faber, who broke the news, the deal would have valued MetroPCS at a roughly 30 percent premium to its stock price, before Thursday's big move up on better than expected earnings.

It's not clear why the Sprint board rejected the deal after CEO Dan Hesse endorsed it, the CNBC article said. Faber reported that regulatory concerns weren't the reason the Sprint board vetoed the transaction.

AuthorDeborah Rand | Comments Off | | | Print ArticlePrint Article
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Thursday
Feb232012
DateThursday, February 23, 2012 at 10:36AM

MetroPCS Adds over 1M Subs, Grows Revenue 20% in 2011

Source: MetroPCS Press Release

MetroPCS Communications, Inc. (NYSE:PCS)  announced financial and operational results for the quarter and year ended December 31, 2011. MetroPCS reported growth in quarterly Adjusted EBITDA of 15% over the fourth quarter 2010 and ended the fourth quarter 2011 with over 9.3 million subscribers.

MetroPCS reported consolidated service revenues of $4.4 billion, an increase of 20% over the prior year. Income from operations increased $29 million, or 4%, for the year ended December 31, 2011 as compared to the prior year. Consolidated Adjusted EBITDA of $1.3 billion increased $156 million, or 13%, when compared to the prior year. Net income for the year was $301 million and increased $108 million, or 56%, when compared to the prior year.

AuthorDeborah Rand | Comments Off | | | Print ArticlePrint Article
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Monday
Jan092012
DateMonday, January 9, 2012 at 4:41AM

MetroPCS Adds Well Over a Million Subscribers in 2011

Source: MetroPCS Press Release

MetroPCS Communications, Inc. (NYSE:PCS) announced selected subscriber information for the quarter and year ended December 31, 2011.

In the fourth quarter of 2011, MetroPCS reported gross additions of approximately 1.22 million subscribers, which represents a 7% increase over the fourth quarter of 2010. The company ended the fourth quarter of 2011 with over 9.3 million subscribers, which includes net additions during the quarter of 197 thousand subscribers. MetroPCS added approximately 1.2 million subscribers during the twelve months ended December 31, 2011.

Churn for the fourth quarter of 2011 was 3.7% compared to 3.5% in the fourth quarter of 2010 and down from 4.5% in the third quarter of 2011. The decrease in churn from the third quarter of 2011 was primarily driven by normal seasonal effects related to traditional retail selling periods, as well as improved network performance resulting from the investment in our CDMA network to meet increased data demands.

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