LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. reported a 24.4-percent increase in total revenues during the second quarter from $155.4 million last year to $193.3 million this year, including a 47.6-percent increase in roaming and wholesale revenues from $35 million in 2003 to $51.7 million this year. Net losses increased slightly year-over-year from $18.7 million during the second quarter of 2003, a loss of 20 cents per share, to $19.7 million this year, a loss of 19 cents per share.
Average revenue per user dropped from $57 during the second quarter of 2003 to $56 this year, while the cost per gross addition fell from $375 last year to $365 this year, and the cash cost per user dropped more than 14 percent from $35 last year to $30 this year.
Alamosa previously reported that it added 40,000 subscribers during the second quarter, which was a 66-percent improvement compared with the 24,000 subscribers the carrier added during the second quarter of 2003, but a 13-percent drop compared with the 46,000 subscribers added during the first quarter of this year. The carrier ended the first half of this year with 813,000 total subscribers.
Customer churn also improved from 2.5 percent during the second quarter of 2003 and 2.4 percent during the first quarter of this year to 2.1 percent in the second quarter. Alamosa noted it did not experience a material impact from wireless local number portability, which became effective in all of its markets May 24, and it has seen a small number of net positive additions since the government mandate was initiated Nov. 24, 2003.
