TMobile revenue drops 10 percent to $41 billion, customers and income down, too

It might be a good thing that T-Mobile’s in the crosshairs of a MetroPCS merger, as the company again shed revenue, customers and profits. Total revenue dropped to $4.9 billion from $5.2 billion last year, while profits were down a whopping 25.1 percent over Q4 2011 to $1.05 billion. Meanwhile the company dropped 515,000 branded contract customers compared to 492,000 last quarter, representing a ‘churn’ rate of 2.5 percent, a slight improvement over last year. All that culminated in a rather miserable year for the carrier, which despite showing income of $4.9 billion for the year, took a whopping $11.3 billion in depreciation and impairment charges, resulting in a full year loss of $6.4 billion. Meanwhile, Deutsche Telecom said recently that T-Mobile would soon fall under its umbrella along with MetroPCS as early as April — which sounds like it can’t come soon enough.

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Source: Business Wire

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