U.S. Cellular continued to bleed subscribers in the fourth quarter and also said it would be unable to predict its performance in 2014 at this time. The company cited a number of factors in holding back on providing guidance, including continued churn related to issues with its new billing system.
T-Mobile US reported adding another 1.6 million new customers in the fourth quarter of 2013, and used its end-of-2013 results to trumpet the progress of its "uncarrier" initiatives, which it launched at the beginning of last year. Specifically, T-Mobile said it was able to garner 2 million branded postpaid net adds in 2013, ahead of its guidance of 1.6 million to 1.8 million, and that it earned 2013 adjusted EBITDA of $5.3 billion, directly in line with its previous guidance range of $5.2 billion to $5.4 billion.
Sprint added 477,000 customers in the fourth quarter, defying analysts' expectations that it would lose subscribers. However, after posting its first quarterly net profit since 2007 in the third quarter, the company swung back into the red in the fourth quarter with a loss of $1.04 billion.
On Feb. 21, Verizon Communications expects to close the world's biggest financial transaction in more than a decade: The $130 billion acquisition of Vodafone's 45 percent stake in Verizon Wireless. Verizon CEO Lowell McAdam has said "One Verizon" will arise out of the combination of Verizon Communications and Verizon Wireless. But what exactly will One Verizon do that Verizon Wireless and Verizon Communications cannot?
Sprint is close to securing $45 billion in debt financing from a group of banks to make a bid for T-Mobile US, according to a report from Dealreporter. However, a separate report from Bloomberg painted a more conservative view of the deal and said that top Sprint executives have not yet decided if they want to pursue a bid.
Facebook reported a surge in profit and revenue in the fourth quarter, and said that the percentage of revenue it gets from mobile advertising crossed 50 percent for the first time. The company also announced "Paper," a standalone visual social status and news reading app.
Ericsson posted a net profit for the fourth quarter after a hefty loss in the year-ago period, but its sales in North America fell 19 percent year-over-year as LTE coverage rollouts peaked. Meanwhile, Ericsson CEO Hans Vestberg said he will not be taking the CEO spot at Microsoft after it was reported he was in consideration to replace Microsoft's Steve Ballmer, who is retiring.
FierceWireless is staying on top of the entire fourth-quarter earnings season, covering reports from carriers, handset and network vendors and chipset makers. For updated earnings reports and information, check back here over the next few weeks. Special report
See below for key slides from AT&T on its wireless business for the fourth quarter of 2013. Click here for the full story. And click here for the full PDF presentation....
AT&T reported weaker wireless subscriber growth for the fourth quarter than it had in the year-ago period, but the company also posted stronger data revenues.