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IPhone sucks subscribers away from T-Mobile USAIPhone sucks subscribers away from T-Mobile USA in 4Q; CEO promises network upgrades
NEW YORK (AP) ' Customers have been leaving T-Mobile USA, the country's No. 4 cellphone company, for the last two years. Now that all three of the bigger carriers have the iPhone, that stream has turned into a flood.
The company, a subsidiary of Germany's Deutsche Telekom AG, says it lost a net 526,000 subscribers in the fourth quarter. Worse, it lost a net 802,000 subscribers on contract-based plans, which are the most lucrative. That's an unheard-of figure for an industry that was characterized by rapid growth for more than a decade.
T-Mobile's CEO, Philipp Humm, promises that the company will fight back with network upgrades.
Last year, T-Mobile agreed to be bought by AT&T, but the deal was blocked by U.S. regulators.
Related Keywords:T-Mobile-Subscribers,Mobile communications,Communication technology,Technology,Consumer electronics