T-Mobile USA loses subscribers in second quarter
Wednesday, August 3, 2011
NEW YORK (AP) -- T-Mobile USA continued to lose wireless customers in the second quarter, but did a better job of keeping them than in the first three months of the year, when subscribers fled in record numbers.
The No. 4 wireless carrier in the U.S. says it lost 50,000 subscribers in the April to June period, to end with 33.6 million.
Germany's Deutsche Telekom AG has agreed to sell its T-Mobile USA business to AT&T Inc. for $39 billion. The deal could close next year, if regulators clear it.
The ailing nature of T-Mobile USA's business is being held up as one reason it should be approved. As the smallest of the four national carriers, Bellevue, Wash.-based T-Mobile USA seems to have a hard time competing, as does No. 3 Sprint Nextel.