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T-Mobile reports its first quarter 2013 results

May 8 2013, 2:18am CDT | by , in News | Technology News

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T-Mobile reports its first quarter 2013 results

T-Mobile has released a report detailing its first quarter results for 2013. The carrier ended the first quarter of 2013 with approximately 34 million customers, an increase of 579,000 customers from the fourth quarter of 2012.

Telecommunications giant, T-Mobile, has just reported its first quarter 2013 results earlier this evening. And the report reveals the carrier's successful implementation of its "un-carrier" program, as well as the deployement of its 4G LTE. The report also shows that its decision to sell the iPhone in April this year has worked to T-Mobile's advantage.

According to the report, T-Mobile was able to sell roughly 500,000 iPhone 5s to "new and existing customers." Furthermore, it said that capital expenditures for the first quarter of 2013 were $1.1 billion, and that it was able to launch 4G LTE in seven major metropolitan areas, while improving approximately 16,000 sites with HSPA+ on 1900 MHz spectrum.

The company's EBITDA also increased by 12.4% or around $1.2 billion when compared to the fourth quarter of 2012. However, T-Mobile says that, on a year-over-year basis, the EBITDA has decreased by 7.5%. Citing the reason for decline, it said that service revenue declines are to be blamed. But overall, T-Mobile had 579,000 total customer net additions.

Source: T-Mobile
Photo Credit: Getty Images

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