MetroPCS announces record subscriber growth in 2010

MetroPCS announced on Thursday impressive subscriber growth in the fourth quarter of 2010. Having amassed approximately 1.5 million net new subscribers over the course of 2010, MetroPCS saw the highest subscriber growth in the company’s history. In the fourth quater, the carrier netted 298,000 subscriber additions and churn was down to 3.5% from 5.3% in the fourth quarter of 2009. As of December 31, 2010, MetroPCS served over 8.1 million subscribers — a 23% increase year-over-year. Hit the break for MetroPCS’ full press release.

MetroPCS Releases Fourth Quarter 2010 Subscriber Results

Fourth Quarter 2010 Subscriber Highlights Include:

  • Highest subscriber growth year in Company history with approximately 1.5 million net subscriber additions
  • Quarterly consolidated net subscriber additions of 298 thousand
  • Quarterly churn of 3.5% down 180bps from 5.3% during the fourth quarter of 2009
  • Serve over 8.1 million subscribers, an increase of 23% from the fourth quarter of 2009

DALLAS, Jan 06, 2011 (BUSINESS WIRE) — MetroPCS Communications, Inc. (NYSE: PCS), the nation’s leading provider of unlimited wireless communications service for an affordable flat-rate with no annual contract, today announced selected subscriber information for the quarter ended December 31, 2010.

MetroPCS ended the fourth quarter of 2010 with over 8.1 million subscribers, which includes net additions during the quarter of 298 thousand subscribers. MetroPCS added approximately 1.5 million subscribers during the twelve months ended December 31, 2010. Churn for the fourth quarter of 2010 was 3.5% compared to 5.3% in the fourth quarter of 2009. The decrease in churn was primarily driven by the continued acceptance of our Wireless for All service plans.

“We are pleased with our fourth quarter net subscriber additions and churn results, particularly in light of the severe weather occurring during our peak selling season in late December,” said Roger D. Linquist, Chairman, President and Chief Executive Officer of MetroPCS.

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