LUBBOCK, Texas-Bolstered by its recent acquisition of fellow affiliate AirGate PCS Inc., Sprint Corp.’s largest wireless affiliate Alamosa Holdings Inc. posted a 75-percent increase in second-quarter revenues from $193.3 million in 2004 to $339.4 million this year. Excluding AirGate’s contribution, Alamosa’s revenues jumped 24 percent to $238.9 million during the second quarter.
The carrier managed to grow total revenues despite flat average revenue per user of $56 and cash cost per user of $43 during the second quarter. Alamosa managed a 1-percent drop in its cost per gross addition from $364 during the second quarter of 2004 to $361 this year.
Net losses improved from a loss of $19.7 million during the second quarter of last year, or a loss of 19 cents per share, to a loss of $5.6 million this year, or a loss of 4 cents per share.
Alamosa previously reported that it added 52,000 subscribers during the second quarter, which was a 10-percent improvement compared with the 47,434 subscribers Alamosa and AirGate added during the second quarter of 2004. Alamosa said it ended the quarter with 1.447 million total customers.
The carrier also previously reported that customer churn dropped from 2.2 percent during the second quarter of 2004 to 2.1 percent in the same period this year.
