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MetroPCS Communications, Inc. PCS -1.95% , the nation's leading provider of no annual contract, unlimited, flat-rate wireless communications service, today announced selected subscriber information for the quarter and year ended December 31, 2012.
In the fourth quarter of 2012, MetroPCS reported gross additions of 866 thousand subscribers, which represents a 29% decrease over the fourth quarter of 2011. The Company ended the fourth quarter of 2012 with approximately 8.9 million subscribers, which includes net subscriber losses during the quarter of 93 thousand subscribers. The Company surpassed 2.2 million 4G LTE subscribers, an increase of 117% from the third quarter of 2012. Churn for the fourth quarter of 2012 was 3.6% compared to 3.7% in the fourth quarter of 2011 and down from 3.7% in the third quarter of 2012. The decrease in churn was primarily driven by normal seasonal effects related to traditional retail selling periods, continued investments in our network and lower year-to-date subscriber growth.
Subscriber Metrics
Three Months Ended Three Months Ended Twelve Months Ended Twelve Months Ended
December 31, 2012 December 31, 2011 December 31, 2012 December 31, 2011
Consolidated Subscribers
End of Period 8,886,723 9,346,659 8,886,723 9,346,659
Gross Additions 866,170 1,223,694 3,340,891 5,311,276
Net Additions (93,237) 197,410 (459,936) 1,191,549
Churn 3.6% 3.7% 3.4% 3.8%
The subscriber results for the fourth quarter of 2012 and the twelve months ended December 31, 2012 may not be reflective of subscriber results for any subsequent period.
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