VIENNA (dpa-AFX) - T-Mobile US Inc. (TMUS), the combined company resulting from the combination of MetroPCS Communications Inc. and T-Mobile USA Inc., reported first-quarter results for T-Mobile USA. Income before income taxes decreased to $179 million from $325 million last year. Net income was $107 million, compared to $200 million prior year.
Total revenues were $4.68 billion compared to $5.03 billion last year. Service revenues were $4.0 billion, down 9.9% from the first quarter of 2012. The company said the decrease in service revenue was partially offset by increases in equipment revenue, resulting in total revenues declining 7.1% year-over-year.
Adjusted EBITDA for T-Mobile USA was $1.2 billion; a decrease of 7.5% primarily due to service revenue declines. First quarter 2013 adjusted EBITDA margins of 29% were unchanged from the first quarter of 2012 as operating cost reductions kept pace with year-over-year service revenue declines.
T-Mobile USA ended the first quarter of 2013 with approximately 34 million customers, an increase of 579 thousand customers from the fourth quarter of 2012.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
