T-Mobile can't hold back AT&T from blockbuster profits
AT&T added 809,000 new mobile subscribers in the last three months of 2013, the Dallas-based wireless provider 听测别蝉迟别谤诲补测.听
Of those new customers, 566,000 were contract subscribers, the most lucrative variety. In addition, as BGR , AT&T posted a relatively low 1.11 percent "churn" rate, a measure of the number of customers that move to other carriers. The strong results helped boost AT&T's quarterly revenue to a healthy $33.2 billion.聽
"The next steps are to make our networks even more powerful and layer on services that will drive new growth in the years ahead," AT&T CEO聽Randall Stephenson in a statement. "We have good momentum in areas like connected car, home automation and mobile business solutions. We鈥檙e also committed to transforming our operations to make them more responsive and efficient."聽
Of course, as Jeff Gamet of MacObserver , while the activation figures from AT&T are impressive, they're actually lower than the 780,000聽肠辞苍迟谤补肠迟听subscribers AT&T added in Q4 of 2012, "and well below T-Mobile's 869,000 new subscribers."
T-Mobile, which has long lagged behind Verizon and AT&T in US market share, recently began allowing customers to sign up for a smart phone plan without opting into a two-year contract. This "uncarrier" strategy, as T-Mobile has dubbed, has paid for the company 鈥� reps for T-Mobile Q4 of 2013 was its best financial quarter in eight years.聽
Thumbing his nose at his rivals, T-Mobile CEO John聽Legere recently that "AT&T is a total source of amusement for me. These are fat cats that can鈥檛 move."聽
