Rich Carriers Got Richer in Q3

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[qi:083] The rich mobile carriers got a little richer in the third quarter, as the nation’s top two operators increased their leads over the rest of the field. Verizon Wireless (s VZ) added a million subscribers and posted revenue of $15.8 billion, up 24.4 percent year-over-year, while AT&T (s T) reported 2 million net adds — thanks largely to the iPhone — and $13.65 in revenue, up 8 percent over the year-ago period. Meanwhile, the increasingly heated prepaid space took its toll on Leap Wireless and MetroPCS (s PCS), as both service providers saw customer growth slide in the third quarter. 

Leap Wireless (s LEAP): Reported Nov. 5
Wireless Service Revenue: $541.3 million
Wireless Operating Income: N/A
Wireless Data Revenue: N/A
Net Prepaid Subscriber Adds: 102,000
Total Subscribers: 4.5 million
Prepaid Churn: 5.4 percent
Prepaid APRU: $39.60
Metro PCS (s PCS): Reported Nov. 5
Wireless Revenue: $896 million
Wireless Operating Income: $158 million
Wireless Data Revenue: N/A
Net Prepaid Subscriber Adds: 66,157
Total Subscribers: 6.3 million
Prepaid Churn: 5.8 percent
Prepaid APRU: $41.08
T-Mobile: Reported Nov. 5
Wireless Revenue: $5.38 billion
Wireless Net Income: $417 million
Wireless Data Revenue: N/A
Net Prepaid Subscriber Adds: 63,000
Total Subscribers: 33.4 million
Blended Churn: 3.4 percent
Postpaid APRU: $52
Sprint (s S): Reported Oct. 29
Wireless Revenue: $6.9 billion
Wireless Operating Loss: $448 million
Wireless Data Revenue: N/A
Net Prepaid Subscriber Adds: 666,000
Net Postpaid Subscriber Loss: 801,000
Total Subscribers: 48.3 million
Churn: Postpaid 2.17 percent, prepaid 6.65 percent
APRU: Postpaid $56, prepaid $35
Verizon (s vz): Reported Oct. 26
Wireless Revenue: $15.8 billion
Wireless Operating Income: $4.47 billion
Wireless Data Revenue: $4.1 billion
Net Prepaid and Postpaid Subscriber Adds: 1 million
Total Subscribers: 89 million
Churn: Postpaid 1.13 percent
APRU: Postpaid $51.04
AT&T (s T): Reported Oct. 22
Wireless Revenue: $13.65 billion
Wireless Operating Income: $3.4 billion
Wireless Data Revenue: $3.6 billion
Net Prepaid Subscriber Adds: 641,000
Net Postpaid Subscriber Adds: 1.4 million
Total Subscribers: 81.6 million
Blended Churn: 1.43 percent
APRU: Postpaid $61.23

6 Comments

Todd

AT&T pulled in $13,650,000,000.00 in less than 90 *days*

vs.

“We can’t afford to build out our network, so we are implementing caps, limiting our *Unlimited* plan to 2 GB a month…” – AT&T executive

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