MetroPCS benefits from economic woes

Flat-rate operator MetroPCS seems to be reaping the rewards of a sagging economy. The company added 184,000 net new subscribers in the quarter, giving it a total subscriber base of 4.6 million. Service revenues were $599 million, a 25 percent increase over second quarter 2007. Total revenues were $679 million, a 23 percent increase the previous year.  

The company's churn was 4.5 percent, which is down 30 basis points year over year. Its average revenue per user is $41.77, which is down from $43.17 in the previous year. The company said the decline in ARPU was because of the higher participation in the firm's family plans as well as reduced revenue from certain features that before were provided a la carte.

For more:
- see this press release

Related articles:
MetroPCS will flash existing CDMA handsets
MetroPCS tallies 184,000 net adds in 2Q