T-Mobile USA beat analysts' estimates, posting strong second-quarter results. The carrier added 972,000 new subscribers, down from the 1.1 million it added in the second quarter of 2004 but ahead of most estimates. The carrier said that 30 percent of its new customer additions last quarter were prepaid, compared with 19 percent last year, reflecting a larger industry trend that shows future growth coming from prepaid services. T-Mobile USA's revenues grew 28.7 percent from $2.8 billion last year to $3.6 billion this year. Net income rocketed more than 61 percent from $240 million last year to $387 million this year.
For more on T-Mobile USA's Q2 numbers:
- go to this press release