T-Mobile USA lost hundreds of thousands of customers on contract in the fourth quarter as the U.S. mobile operator headed in the opposite direction of its largest competitors.
While AT&T, Sprint Nextel and Verizon Wireless reported growth in the most recent quarter, Bellevue, Wash.-based T-Mobile revealed that it lost 371,000 customers on contract and ended the period with 23,000 fewer customers. The company reported contract churn of 2.5 percent.
T-Mobile, the fourth-largest U.S. mobile operator, served 33.73 million customers at the end of the fourth quarter. Thats down from 33.79 million customers in the previous year.
Quarterly revenues declined from $5.41 billion in the same period a year ago to $5.36 billion, said T-Mobile, which is owned by Deutsche Telekom AG.