LUBBOCK, Texas-Alamosa Holdings Inc. reported third-quarter subscriber results, including 16,000 net customer additions during the third quarter of this year compared with 20,000 net additions reported during the third quarter of 2002. The carrier also reported customer churn dropped year-over-year from 3.8 percent during the third quarter of 2002 to 2.9 percent this year, but it increased from a reported 2.5 percent during the second quarter of 2003.
“As expected, our customer churn increased during the third quarter directly impacting our net customer results,” explained David Sharbutt, chairman and chief executive officer at Alamosa. “This was still a positive quarter for Alamosa with increased prime customer additions to our base and progress being made on our current debt exchange offer that now has more than 68 percent support of existing note holders. We are focused on finishing out the year strong to achieve record financial performance for Alamosa in 2003.”
Alamosa said it will release full third quarter results after the markets close Nov. 6.
