BELLEVUE, Wash.-T-Mobile USA Inc. reported a 47 percent year-over-year increase in revenues from $5.7 billion in 2002 to $8.4 billion in total revenues last year. Net losses also improved from $21.3 billion in 2002 to $691.3 million last year.
Fueling T-Mobile USA’s strong revenue growth was an increase in customer additions from 2.9 million in 2002 to 3.2 million last year and an increase in average revenue per user from $50 in 2002 to $53 last year. The carrier noted data revenue accounted for 3.5 percent of postpaid ARPU during the fourth quarter of 2003 compared with 1.8 percent during the fourth quarter of 2002.
T-Mobile USA also reported customer churn dropped from 4 percent in 2002 to 3.1 percent last year, while the cost per gross addition increased slightly from $312 in 2002 to $329 last year.
T-Mobile USA’s parent company Deutsche Telekom AG also downplayed the need for the carrier to participate in industry consolidation following the recent $41 billion acquisition of AT&T Wireless Services Inc. by Cingular Wireless L.L.C.
“My opinion is that we currently don’t need a partner,” DT chief executive Kai-Uwe Ricke told Reuters. “We want to be profiteers as we know how difficult it is to marry to elephants.”
