T-Mobile Takes Big Loss, But Subscriber Growth Impresses
 

T-Mobile Takes Big Loss, But Subscriber Growth Impresses
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T-Mobile's dreams of changing the wireless industry don't come cheap.

The telecom company posted a $151 million first-quarter loss despite adding a net 2.4 million customers — its best quarter ever in terms of subscriber growth.

See also: Our Addiction to Phone Subsidies Keeps the Wireless Industry Broken


T-Mobile's efforts to acquire new customers have proven expensive, particularly its willingness to cover the fees for new subscribers that break contracts with other companies. The investment has paid off, with T-Mobile's subscriber growth outpacing rivals AT&T and Verizon combined.

The new subscribers helped revenue jump 19%, which excludes the income from the recently acquired prepaid business MetroPCS. Overall, T-Mobile **w claims 49.1 million U.S. subscribers Read more...

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