T-Mobile Reports Q2 Financials

Posted: Aug 6 2009, 8:00am CDT | by , Updated: Aug 11 2010, 3:40pm CDT, in News | Mobile Phones

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T-Mobile has announced the financial results for Q2 2009. The company has reported $1.6 billion in operating income before depreciation and amortization. That amount is up 16% from Q1 2009 and up 1% compared to Q2 2008. T-Mobile added 325,000 new customers over the quarter compared to 415,000 it added in Q1.

It's interesting that T-Mobile added about 100,000 more customers than Sprint lost over the quarter. T-Mobile reports that contract churn was 2.2% for the quarter, down slightly from the 2.3% in the previous quarter.

Service revenues for the quarter for the company were $4.77 billion, down from the same quarter last year where revenues were $4.85 billion. T-Mobile is expecting big things for the remainder of the year with its Radio Shack deal that puts its phones in all Radio Shack stores across the country.

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