Leap Wireless added an impressive 152,000 net new customers during the fourth quarter of last year. The carrier finished out the year with some 2.86 million customers and a quarterly churn rate of 4.2 percent. The metrics beat out expectations for Leap, which said it expected additions between 70,000 and 130,000 subscribers in December and a churn rate of between 4.5 percent and 4.7 percent.
"We are pleased with the company's end-of-year performance in adding new customers and reducing churn," said CEO Doug Hutcheson. "Strong customer uptake during the conclusion of the holiday buying season helped deliver results ahead of our expectations on these two metrics, demonstrating the strength of our business as we head into the new year."
For more on Leap's better than expected Q4:
- read this press release [1]
Related Articles:
Leap sues T-Mobile USA Article [2]
Leap maps out partnership with Google Article [3]
Leap changes board of directors Article [4]
Leap rejects unsolicited proposal from MetroPCS Article [5]
Links:
[1] http://www.fiercewireless.com/press-releases/leaps-q4-beats-expectations
[2] http://www.fiercewireless.com/story/leap-wireless-sues-t-mobile-usa/2006-07-20
[3] http://www.fiercemobilecontent.com/story/leap-wireless-maps-out-partnership-with-google/2006-11-07
[4] http://www.fiercewireless.com/press-releases/leap-wireless-announces-change-its-board-directors
[5] http://www.fiercewireless.com/press-releases/leap-rejects-unsolicited-proposal-metropcs