BELLEVUE, Wash.-Omnipoint Corp., a wholly owned subsidiary of VoiceStream Wireless Corp., reported its financial results for the fourth quarter and year ended Dec. 31, 1999.
Total revenue for the company increased in the fourth quarter from $54.1 million in 1998 to $135 million in 1999. For the year, revenue increased from $172.5 million in 1998 to $404.2 million in 1999.
Net loss attributed to common shareholders for the fourth quarter was down slightly from $206.8 million in 1998, a loss of $3.91 per share, to $197.3 million in 1999, a loss of $3.65 per share.
Net loss attributed to common shareholders for the year was up from $677.7 million in 1998, a loss of $12.87 per share, to $707.5 million last year, a loss of $13.23 per share.
