T-Mobile Reports Increase in Customers/ Loss in Profits
Sometimes the wireless industry manages to pull feats that defy logic. Case in point: T-Mobile has reported a decrease in earnings, despite adding 371,000 new customers in the last quarter! To figure how in the world this is possible, T-Mobile says that it's because many of these new customers are getting involved in the lower-profit prepaid segment.
The company went on to say that it signed 488,000 prepaid customers, but lost 117,000 more-valuable contract users in the same period. Obviously this is a …