T-Mobile USA reported a net loss of 77,000 subscribers in the third quarter, all indications that the nation’s No. 4 carrier is losing share to market heavyweights Verizon Wireless and AT&T, which both posted notable subscriber gains during the period. We just home that we the recently launch of the Motorola Cliq and the upcoming Blackberry Bold 9700 and Behold 2, T- Mobile will do better in the Q4.
Financials: The carrier reported net income of $417 million, down from $425 million in the second quarter and $442 million in the year-ago quarter. However, T-Mobile’s parent company, Deutsche Telekom, posted a rise in net income to $1.42 billion, up from $1.33 billion in the third quarter last year. T-Mobile’s total revenues in the quarter clocked in at $5.38 billion, up from $5.34 billion in the second quarter but down from $5.51 billion in the year-ago quarter. The carrier said that the higher revenues were driven by higher equipment sales, partially from an expanded data device lineup. However, service revenues were $4.73 billion, down from $4.77 billion in the second quarter and $4.491 billion in the third quarter last year.
Subscribers: The carrier’s net subscriber loss of 77,000 sharply contrasts with the 670,000 net subscriber additions it had in the third quarter last year–and the 325,000 net adds it had in the second quarter. T-Mobile lost 140,000 contract customers in the quarter, and even its prepaid net adds were only 63,000 in the third quarter, down from 268,000 in the second quarter and 377,000 in the third quarter of 2008. The company blamed fewer gross adds and higher churn from Flex Pay customers for the overall loss in subscribers. T-Mobile ended the quarter with 33.4 million customers.