Reporting its 2013 third-quarter financial earnings on Tuesday, fourth-ranking US carrier T-Mobile said that its loss for the third quarter this year had narrowed from the `same quarter last year' loss; thanks largely to an increase in revenue and addition of more subscribers.
According to the figures posted by T-Mobile, the company's 2013 third-quarter loss was $36 million; which was substantially lower than the $7.73 billion loss that the company reported in the 2012 third-quarter which included a write-down of $8.13 billion.
The revenue of T-Mobile in the reporting quarter witnessed a 37 percent increase to $6.69 billion; with the numbers surpassing the estimated quarterly revenue figures of $6.57 billion. The company's smartphone sales in the quarter increased two-fold to 5.6 million.
In terms of subscriber numbers, the 2013 third-quarter marked T-Mobile's second successive period of growth. As of the September 30, 2013, figures, the total number of T-Mobile subscribers stood at 45 million; marking an increase of more than million subscribers in comparison to the year-ago quarter.
With the net subscriber additions reported by T-Mobile for the 2013 third-quarter being 648,000; the churn rate - which is a term for measuring customer turnover - during the quarter improved to 1.7 percent versus 2.3 percent.
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