T-Mobile first-quarter revenue declines while adding customers
In the midst of a turnaround effort, T-Mobile reported late Tuesday that its first-quarter revenue declined 7 percent on service revenue losses while adding new customers.
The wireless carrier recorded total revenues $4.68 billion for the first quarter, compared with $5.03 billion for the year-ago quarter. Service revenue decreased 9.9 percent to $4 billion but were offset by increased equipment revenue. Its adjusted earnings, excluding interest, tax, depreciation, and amortization, totaled $1.2 billion, a 12.4 percent increase over the fourth-quarter of 2012 but a 7.5 percent decline over the year-ago period.
