MetroPCS Communications, Inc, a provider of unlimited wireless communications announced selected subscriber information for the quarter ended June 30, 2008.MetroPCS ended the second quarter with approximately 4.6 million subscribers, which includes net additions during the quarter of approximately 184 thousand subscribers. MetroPCS has added over one million subscribers during the twelve month period ended June 30, 2008, representing total subscriber growth of approximately 30% as compared to subscribers as of June 30, 2007.
"Achieving 184 thousand net additions during the seasonally slow second quarter, coupled with a challenging economic environment highlighted by dramatically escalating prices for fuel and food, strongly demonstrates the resiliency of the MetroPCS business model," said Roger D. Linquist, MetroPCS' Chairman, President and Chief Executive Officer.
In the second quarter of 2008, on a consolidated basis, MetroPCS reported gross additions of approximately 793 thousand subscribers, which represents an increase of 20% over the second quarter of 2007.
Churn for the second quarter of 2008 was down 0.3% when compared to the second quarter of 2007, and consistent with seasonal patterns, increased 0.5% to 4.5% when compared to the first quarter of 2008."At the end of the second quarter, our consolidated subscriber base was approximately 4.6 million. While the U.S. economy shows signs of continued deterioration, we are very pleased by our second quarter subscriber growth. We continue to believe that our predictable, affordable and flexible service offerings differentiate us from the competition and that our unique business model positions us well to capitalize on the increasing trend of wireline replacement. We continue to expand our service footprint with the recent launches of service in Philadelphia, Shreveport/Bossier City, Jacksonville and Bakersfield, and we are excited about the potential opportunities from our planned future service launches in Boston and New York."