Today, T-Mobile has just announced the Q1 2011 results .. damn, this is bad……. The company’s profit fell over $200 million year over year from $362 million last year to $135 million in the first quarter of 2011. According to official Q1 financials, 471,000 contract customers either failed to re-up, or outright canceled their contracts. The company lost 99,000 subscribers in the first quarter, bringing its total to 33.6 million.
Where are the good news ? Customers what use 3G or 4G phones has increased by nearly 1 million year over year to 9.1 million customers. Additionally , its 4G network now covers more than 200 million people around the U.S., and is available in 170 markets. It’s currently upgrading download speeds to 42Mbps, which should be available to over 140 million people by the middle of the year.
Do you think T-Mobile is doing bad after announcing that AT&T will own it?