T-Mobile USA Revenue Drops To $20.6 Billion
Deutsche Telekom has announced today that T-Mobile USA will be launching a high-speed LTE service sometime next year. However the most recent quarter was one of the most brutal for T-Mobile.
“For T-Mobile USA, the past year was characterized by significant challenges, particularly in the fourth quarter, following the market launch of the new Apple iPhone model by the three major national competitors in October,” stated T-Mobile.
In the fourth quarter, T-Mobile USA lost 802,000 contract customers and revenue has dropped 3.3% to $20.6 billion. T-Mobile is the last major U.S. carrier to announce LTE plans. T-Mobile will use a combination of spectrum that was acquired from AT&T and will put in $1.4 billion in additional investment to launch their LTE service.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry