SL-10
10-28-2006, 12:19 PM
TracFone ratchets on 215,000 new customers in quarter
By Joni Morse
Oct 27, 2006
MEXICO CITY—Prepaid wireless provider TracFone Wireless Inc. reported soaring third quarter revenues of $330 million, a 36 percent increase over its year-ago figure of $243 million.
The Miami-based prepaid carrier’s subscriber base grew by 41.1 percent year-over-year, from 5.1 million to 7.2 million as the carrier added 215,000 subscribers during the third quarter. TracFone has landed a total of 1.1 million customers since the beginning of the year.
However, the carrier’s customer churn also ticked up year-over-year, jumping from 4.8 percent to 5.4 percent.
Though the carrier didn’t release its net income, it did post quarterly earnings before interest, taxes, depreciation and amortization of $37 million, up 4.3 percent form last year’s $36 million.
By Joni Morse
Oct 27, 2006
MEXICO CITY—Prepaid wireless provider TracFone Wireless Inc. reported soaring third quarter revenues of $330 million, a 36 percent increase over its year-ago figure of $243 million.
The Miami-based prepaid carrier’s subscriber base grew by 41.1 percent year-over-year, from 5.1 million to 7.2 million as the carrier added 215,000 subscribers during the third quarter. TracFone has landed a total of 1.1 million customers since the beginning of the year.
However, the carrier’s customer churn also ticked up year-over-year, jumping from 4.8 percent to 5.4 percent.
Though the carrier didn’t release its net income, it did post quarterly earnings before interest, taxes, depreciation and amortization of $37 million, up 4.3 percent form last year’s $36 million.