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I’m so thrilled with the MS Paint work above, I just had to use that for the graphic today, I had better options but I think that one is just so bad, its so awesome. So don’t make fun of it!
So the 2nd quarter results are in for T-mobile. I won’t bore you with all the facts and figures, only the most important parts:
- 668,000 net new subscribers
- 31.5 million customers
- $52 Arpu
- 1,000 new cell sites built in 2nd quarter 2008, $1.1 billion invested in the network
- 6.5 million my faves subscribers, up from 5.5 million last quarter
- Contract customer churn was 1.9%, up from 1.7% last quarter and 1.8% from 2nd quarter 2007
The press release points out that the increase in churn is due to “The sequential increase in contract churn was primarily due to the anniversary of the introduction of two-year contracts in April 2006. The second quarter of 2008 was the first quarter these two-year contracts could have expired.”
So yeah you can read more of this exciting article here. There is the the usual financial stuff as well as the highlights of late, the @home launch, the new unlimited family plan that were designed to lower customer costs etc etc, 3G launch in New York (Las Vegas as of yesterday.)
While I’m hardly content with the numbers, I want you all to put this into perspective. Sprint LOST 901,000 customers last quarter. So while we may not have gained quarter over quarter, we gained and thats more than #3 can say. I just want to say that again because its so funny, Sprint lost 901,000 customers last quarter, haha. So Sprint customers, if the 12 of you who haven’t left the ship yet are listening, things are much better in magenta world.