América Móvil's U.S. TracFone unit added 515,000 net subscribers in the third quarter, an increase of 15.7 percent over the year-ago period, bringing the company's total subscribers to 19.3 million.
TracFone, which sells the flat-rate, prepaid Straight Talk service and operates as an MVNO using Verizon Wireless (NYSE:VZ), AT&T Mobility (NYSE:T), T-Mobile USA and Sprint Nextel's (NYSE:S) networks, ended the quarter with $989 million in revenues, up from $734 million in the third quarter of 2010, an increase of 34.8 percent.
In addition, the company's average revenue per user was $16, up from $13 in the same quarter in 2010. In addition, TracFone's minutes of use topped 388 minutes per client in third quarter 2011, up from 262 minutes in third quarter 2010.
In September, TracFone's Straight Talk unit started offering the Samsung Galaxy Precedent, an Android-based device. Sprint Nextel is the underlying network for this device as well as future Straight Talk Android devices.
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