CHILLICOTHE, Ohio—Sprint PCS affiliate Horizon PCS Inc. reported $48.2 million in revenue for the first quarter compared with $19.3 million in revenue posted for the first quarter of last year. Net losses also grew from $22.1 million last year, a loss of 38 cents per share, to $39.6 million this year, a loss of 68 cents per share.
The carrier added 28,600 net customers during the first quarter, ending the quarter with 222,700 subscribers, compared with 18,234 net customer additions for the first quarter of last year. Customer churn also increased from 2.3 percent last year to 3.2 percent this year, while average revenue per user including roaming dropped from $80 to $74.
