John Paczkowski

Recent Posts by John Paczkowski

MetroPCS Bleeding Subscribers as It Waits for the T-Mobile Ambulance

ackroyd_julia_childApproval for MetroPCS Communications’ merger with Deutsche Telekom’s T-Mobile USA can’t come soon enough for the struggling prepaid wireless service provider. The company’s last year as an independent company has proven to be a particularly ugly one.

On Monday, MetroPCS released its latest subscriber reports, and they are, in a word, abysmal. For its fourth quarter, the company posted a net loss of 93,237 wireless subscribers. And that gruesome number brought total subscriber losses for 2012 to around 459,936. MetroPCS ended the year with about 8.9 million subscribers. Quite a change from 2011, which ended with 9.4 million.

MetroPCS’s subscriber results were well below the Street’s expectations, and the company’s stock is being hammered as a result. Shares are down around 2 percent as I write this.

“This is the first time MetroPCS has lost subscribers on a net basis in Q4, which is typically its second strongest quarter behind Q1, and marks the company’s third consecutive quarter of net subscriber losses,” UBS analyst John Hodulik said in a research note. “We believe this underscores the urgency with which the company pursued merger partners before reaching a deal with T-Mobile in October.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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