WALL, N.J.-Centennial Communications Corp. said it added 2,400 wireless customers in its U.S. operations and 23,300 customers in its Caribbean operations during the company’s second fiscal quarter ended Nov. 30 compared with the loss of 3,900 subscribers in its U.S. operations and the gain of 16,900 subscribers in its Caribbean operations during the same quarter last year. Centennial noted the growth was aided by national plan rates offsetting a decline in prepaid growth in its U.S. operations and strong postpaid growth in both Puerto Rico and the Dominican Republic.
Customer churn increased slightly in Centennial’s U.S. operations from 2.2 percent during its second fiscal quarter last year to 2.3 percent this year, while churn in its Caribbean operations dropped from 3.4 percent to 3.2 percent during the same time frame. Average revenue per user increased year-over-year in both markets from $54 to $55 in the United States and from $57 to $59 in the Caribbean.
Total company revenues, including Centennial’s Caribbean broadband operations, increased from $180.7 million last year to $202.9 million this year. Net losses dropped from $13.5 million last year, a loss of 14 cents per share, to $12.7 million this year, a loss of 13 cents per share.
Centennial added that it activated its 1 millionth wireless subscriber this month, and it has launched GSM services, including receiving roaming traffic, as part of its planned overlay of its legacy TDMA network in its Midwest cluster. The company said it plans to launch GSM service in its Southeast cluster by the end of next year.
