T-Mobile continues to face revenue problems
T-Mobile finances continue to fall sharply year on year with revenues between July and September at Â£794 million which is down 6.7 percent on the same period in 07. Furthermore, profits were 29.4 percent lower in the Q3 of 08 than Q3 of 07.
On the other more positive side of the coin, T-Mobile has increased contract customer on the previous quarter of this year and now has 96,000 customers on contract as opposed to 56,000 between April and June.
T-Mobile UK Jim Hyde says: “We’ve continued to improve profitability, avoided the temptation to grow market share at any cost and stayed true to our strategy of prudent customer acquisition. This has clearly paid dividends with total net additions up quarter on quarter.”
This spike in contract sales comes from offering mobile broadband and SIM only subscriptions, yet revenue and profit drops still remain a problem for T-Mobile.
Source — mobiletoday