T-Mobile just announced their first quarter 2012 results and the highlight is a strong adjusted OBIDA increase at 7.2% year-over-year to $1.3 billion. OBIDA margins increased 3 percentage points. They added 187,000 customers in this quarter as opposed to almost 100,000 lost at the same time the year before.
Service revenues declined to $4.4 billion, down 4% from the same time last year. Total revenues also fell 2.5% from last year and came in at $1.4 billion. Expenditures were consistent with with early 2011 and remained at $747 million.
Philipp Humm, CEO and President of T-Mobile USA. comments on the results of the first quarter:
“In the first quarter, T-Mobile USA delivered strong performance across several key metrics – adding customers, increasing branded ARPUs year-on-year and effectively managing costs to deliver a solid adjusted OIBDA margin. While branded contract churn remains a focus, in the first quarter of 2012 we achieved our lowest level in seven quarters,”
“In just a short time since the December breakup of the AT&T deal, T-Mobile USA has redefined and restarted our Challenger Strategy including phase one of a major brand re-launch to redefine T-Mobile in the marketplace.”
René Obermann, CEO of Deutsche Telekom comments on T-Mobile’s performance in the first quarter in 2012:
“T-Mobile USA delivered an encouraging adjusted OIBDA year-on-year increase in the first quarter of 2012. Philipp Humm and his team managed the business with improved efficiency in a still difficult environment, laying the foundation for successful implementation of the Challenger Strategy,”
T-Mobile has plans to invest over $4 billion in their 4G LTE network in coming year. They also have plans to offer new state-of-the-art equipment featuring partnerships with Nokia and Ericsson.