LUBBOCK, Texas-Sprint PCS affiliate Alamosa PCS Holdings Inc. posted a 39-percent increase in subscriber revenue for the third quarter ended Sept. 30, to go along with a 31-percent increase in total subscriber numbers over the second quarter of this year.
The company added 21,874 customers during the third quarter, bringing its total subscriber base to 91,443 customers and helping Alamosa post $14.9 million in subscriber revenue for the quarter. Total revenue increased from $1.9 million during the third quarter of last year to $22.9 million this year.
Alamosa’s net losses for the third quarter increased from a loss of $11.9 million last year, to a loss of $17.4 million this year. Net loss per common share also increased from 25 cents per share last year to 28 cents per share this year.
“We are pleased with our growth during the third quarter,” said David Sharbutt, chairman and chief executive officer of Alamosa. “While our financial results continue to reflect the considerable investment associated with the completion of our network build-out, we are very pleased with the initial results we are seeing in the commercial Sprint PCS market launches in portions of Alamosa’s, Robert’s and WOW’s territories.”
Alamosa also reported its average monthly revenue per user excluding roaming increased from $60 during the second quarter to $63 during the third quarter, with customer churn at 3.4 percent.
