|
|
$1.39 billion Operating Income Before Depreciation
and Amortization (“OIBDA”) in the first quarter of 2010, compared to $1.38
billion in the first quarter of 2009; OIBDA margin of 30% in the first
quarter of 2010, compared to 29% in the first quarter of
2009.
|
|
|
5.2 million customers using 3G-capable converged
devices as of the first quarter of 2010; blended data ARPU of $10.90 in
the first quarter of 2010, up 16% from the first quarter of
2009.
|
|
|
Total customers served declined by 77,000 in the
first quarter of 2010, compared to 415,000 net customers additions in the
first quarter of 2009.
|
|
|
T-Mobile USA’s national 3G network to be upgraded to
HSPA+ and cover 185 million people by the end of 2010, with the first
HSPA+ markets already
launched.
|
|
·
|
T-Mobile USA served 33.7 million customers (as
defined in Note
3 to the Selected Data, below) at
the end of the first quarter of 2010, down from 33.8 million at the end of
the fourth quarter of 2009 and up from 33.2 million at the end of the
first quarter of 2009.
|
|
o
|
In the first quarter of 2010, total customers served
declined by 77,000, compared to net customer additions of 371,000 in the
fourth quarter of 2009 and 415,000 in the first quarter of
2009.
|
|
o
|
Compared to the fourth quarter of 2009, the number of
net new customer additions decreased due primarily to T-Mobile branded
customer losses (total wireless customers excluding mobile virtual network
operators (MVNO) and connected devices). In the fourth quarter
of 2009, branded customer additions benefited from strong holiday sales
and the launch of the new Even More and Even More Plus rate plans which
feature unlimited voice, text and data services.
|
|
·
|
Net contract customer losses were 118,000 in the
first quarter of 2010, broadly stable compared to 117,000 net contract
customer losses in the fourth quarter of 2009, but down from 160,000 net
contract customer additions in the first quarter of
2009.
|
|
o
|
Sequentially, seasonally lower gross additions of
branded products were offset by connected device
growth.
|
|
o
|
The decrease in contract customer additions compared
to the first quarter of 2009 was due primarily to fewer FlexPaysm
contract customer additions.
|
|
·
|
Prepaid net customer additions, including MVNO
customers, were 41,000 in the first quarter of 2010, down from 488,000 in
the fourth quarter of 2009 and 255,000 in the first quarter of
2009.
|
|
o
|
In the first quarter of 2010, lower MVNO net customer
additions were the primary reason for the sequential and year-over-year
decrease in prepaid additions. MVNO customers totaled 2.1
million at March 31, 2010.
|
|
o
|
Additionally, seasonally fewer gross branded prepaid
customer additions caused lower sequential prepaid net customer
additions.
|
|
·
|
Contract customers, including connected devices,
comprised 79% of T-Mobile USA’s total customer base at March 31, 2010,
consistent with the fourth quarter of 2009 but down from 81% in the first
quarter of 2009.
|
|
·
|
Blended churn (as defined in Note 2 to the Selected
Data, below), including both contract and prepaid customers, was 3.1% in
the first quarter of 2010, down from 3.3% in the fourth quarter of 2009
and was consistent with the first quarter of 2009.
|
|
·
|
Contract churn decreased in the first quarter of 2010
to 2.2% from 2.5% in the fourth quarter of 2009 and 2.3% in the first
quarter of 2009.
|
|
o
|
The sequential fall in churn was due primarily to the
fourth quarter being seasonally higher due to the holiday season,
consistent with previous years.
|
|
·
|
T-Mobile USA reported OIBDA (as defined in Note 6 to
the Selected Data, below) of $1.39
billion in the first quarter of 2010, consistent with $1.38 billion
in the fourth quarter and first quarter of
2009.
|
|
o
|
In the first quarter of 2010, lower revenues were
offset by lower acquisition costs, related to fewer branded customer
additions, and sequentially lower advertising spend.
|
|
·
|
OIBDA margin (as defined in Note 7 to the Selected
Data, below) was 30% in the first quarter of 2010, consistent with the
fourth quarter of 2009 and slightly up from 29% in the first quarter of
2009.
|
|
·
|
Net income in the first quarter of 2010 was $362
million, compared to $306 million in the fourth quarter of 2009 and $322
million in the first quarter of
2009.
|
|
·
|
Service revenues (as defined in Note 1 to the
Selected Data, below) were $4.63 billion in the first quarter of 2010,
down from $4.65 billion in the fourth quarter of 2009 and $4.77 billion in
the first quarter of 2009.
|
|
o
|
The sequential and year-over-year decrease in service
revenues in the first quarter of 2010 was primarily due to net losses of
branded customers.
|
|
·
|
Total revenues, including service, equipment, and
other revenues were $5.28 billion in the first quarter of 2010, down from
$5.41 billion in the fourth quarter of 2009 and $5.40 billion in the first
quarter of 2009.
|
|
o
|
The sequential decrease was driven primarily by lower
equipment sales compared to the fourth quarter of 2009 which had higher
handset sales related to the holiday
season.
|
|
o
|
Compared to the first quarter of 2009, the decrease
was primarily driven by lower service revenues as described
above.
|
|
·
|
Blended Average Revenue Per User (“ARPU” as defined
in Note 1 to the Selected Data, below) was $46 in the first quarter of
2010, consistent with the fourth quarter of 2009 but down from $48 in the
first quarter of 2009.
|
|
·
|
Contract ARPU was $51 in the first quarter of 2010,
consistent with the fourth quarter of 2009, but down from $52 in the first
quarter of 2009.
|
|
o
|
Sequentially, contract ARPU was consistent as data
revenue growth was offset by decreases in voice
revenues.
|
|
o
|
Contract ARPU decreased year-over-year due primarily
to a higher proportion of connected devices.
|
|
·
|
Prepaid ARPU was $18 in the first quarter of 2010,
consistent with the fourth quarter of 2009 but down from $21 in the first
quarter of 2009.
|
|
o
|
The decrease compared to the first quarter of 2009
was due primarily to proportionally fewer FlexPay no-contract customers
and a higher number of lower ARPU MVNO
customers.
|
|
·
|
Data service revenues (as defined in Notes 1 and 9 to
the Selected Data, below) were $1.10 billion in the first quarter of 2010,
up 18% from the first quarter of 2009. Data service revenues in
the first quarter of 2010 represented 23.8% of blended ARPU, or $10.90 per
customer, up from 22.2% of blended ARPU, or $10.20 per customer in the
fourth quarter of 2009, and 19.6% of blended ARPU, or $9.40 per customer
in the first quarter of 2009.
|
|
o
|
5.2 million customers were using 3G-capable converged
devices (such as the T-Mobile®
MyTouchTM
3G, Motorola CLIQ XT™ and BlackBerry®
BoldTM
9700) on the T-Mobile USA network at the end of the first quarter of 2010,
an increase of 33% from 3.9 million customers as of the fourth quarter of
2009 and a significant increase from 1.5 million customers as of the first
quarter of 2009.
|
|
o
|
While messaging revenue continued to be a significant
component of data ARPU, the increase of 3G-capable converged devices and
the continued expansion and upgrade of the 3G network is driving Internet
access revenue growth with the increasing adoption of 3G data
plans.
|
|
·
|
The average cost of acquiring a customer, Cost Per
Gross Add (“CPGA” as defined in Note 5 to the Selected Data, below) was
$310 in the first quarter of 2010, up from $300 in the fourth quarter and
first quarter of 2009.
|
|
o
|
Sequentially, CPGA increased in the first quarter of
2010 due primarily to a higher subsidy loss from customers adopting more
expensive 3G-capable converged
devices.
|
|
o
|
The increase in CPGA compared to the first quarter of
2009 was primarily related to increased retail distribution expenses and
fewer gross customer additions.
|
|
·
|
The
average cash cost of serving customers, Cash Cost Per User (“CCPU” as
defined in Note
4 to the Selected Data, below),
was $23 per customer per month in the first quarter
of 2010, up from $22 in the fourth quarter of 2009 but down from $24 in
the first quarter of
2009.
|
|
o
|
Sequentially, CCPU increased due primarily to a
higher handset subsidy loss from a greater number of customers upgrading
to more expensive 3G-capable converged
devices.
|
|
o
|
Year-over-year all components of CCPU (network costs,
general and administrative, and subsidy loss unrelated to customer
acquisition) decreased due to a higher proportion of MVNO and connected
devices incurring lower servicing
costs.
|
|
·
|
Cash capital expenditures (as defined in Note
8 to the Selected Data, below)
were $666 million in the first quarter of 2010, compared to $697
million in the fourth quarter of 2009 and $1.13 billion in the first
quarter of 2009.
|
|
o
|
The decrease in cash capital expenditures in the
first quarter of 2010 compared to the fourth quarter of 2009 was a result
of lower network capital expenditures partially offset by payment timing
differences.
|
|
o
|
Year-on-year the decrease in capital expenditures was
due primarily to higher network expenditures in the first quarter of 2009
as a result of the aggressive build out of the national UMTS/HSDPA (3G)
network in 2009, which covers 208 million people as of the end of the
first quarter of 2010.
|
|
·
|
In 2010, network capital expenditures will be driven
by continued network investment, coverage expansion, and the upgrade to
high speed packet access plus (HSPA+) technology, which delivers customers
data speeds significantly faster than the current 3G network
technology. By the end of 2010, T-Mobile expects to have HSPA+
deployed across the vast majority of its 3G footprint, covering more than
100 metropolitan areas and 185 million
people.
|
|
·
|
During the first quarter of 2010, T-Mobile
USA received the highest ranking in the J.D. Power and Associates 2010
Wireless Retail Sales Satisfaction StudySM
– Volume 1. Building on a legacy of recognition reflecting T-Mobile USA’s
commitment to delivering an industry-leading retail experience, this is
the eighth such top ranking from J.D. Power and Associates in the Wireless
Retail Sales Satisfaction Study’s past 11 volumes, dating back to
2004.
|
|
·
|
T-Mobile USA launched the HTC®
HD2 which features a comprehensive mobile entertainment experience,
offering the largest touch screen on a smartphone in the U.S. and comes
ready with access to eBooks, movies, television programs and
more.
|
|
·
|
T-Mobile USA is leveraging its nationwide 3G network
through new devices such as the DellTM
InspironTM
Mini 10 netbook and the T-Mobile webConnect RocketTM
USB laptop stick. The Dell Inspiron Mini 10 is T-Mobile USA’s
first netbook and features built-in access to T-Mobile USA’s 3G wireless
broadband service and Wi-Fi capability. The T-Mobile webConnect
Rocket USB laptop stick provides customers with seamless connectivity to
the Internet via Wi-Fi or T-Mobile USA’s 3G wireless network and is the
first HSPA+ device from a national U.S. wireless carrier.
|
|
·
|
On April 21, 2010, T-Mobile USA announced the
upcoming, exclusive availability of the new GarminfoneTM,
the first AndroidTM-powered
smartphone fully-integrated with Garmin’s navigation
experience.
|
|
·
|
On May 4, 2010, T-Mobile USA announced a new addition
to its exclusive line of AndroidTM-powered
T-Mobile myTouch 3G smartphones – the T-Mobile myTouch 3G SlideTM. Anticipated
to be available in June, the new myTouch 3G Slide combines a slide-out
QWERTY keyboard with a high-performance touch screen powered by the latest
Android software.
|
|
(thousands)
|
Q1
10
|
Full
Year 2009
|
Q4
09
|
Q3
09
|
Q2
09
|
Q1
09
|
|
Customers,
end of period3
|
33,713
|
33,790
|
33,790
|
33,420
|
33,497
|
33,173
|
|
Thereof
contract customers
|
26,646
|
26,765
|
26,765
|
26,882
|
27,022
|
26,966
|
|
Thereof
prepaid
|
7,067
|
7,026
|
7,026
|
6,538
|
6,475
|
6,207
|
|
Net
customer (losses) / additions
|
(77)
|
1,033
|
371
|
(77)
|
325
|
415
|
|
Minutes
of use/contract customer/month
|
1,140
|
1,150
|
1,140
|
1,160
|
1,150
|
1,130
|
|
Contract
churn
|
2.20%
|
2.30%
|
2.50%
|
2.40%
|
2.20%
|
2.30%
|
|
Blended
churn2
|
3.10%
|
3.20%
|
3.30%
|
3.40%
|
3.10%
|
3.10%
|
|
($)
|
||||||
|
ARPU
(blended)
1
|
46
|
47
|
46
|
47
|
48
|
48
|
|
ARPU
(contract)
|
51
|
52
|
51
|
52
|
52
|
52
|
|
ARPU
(prepaid)
|
18
|
20
|
18
|
20
|
21
|
21
|
|
Data
ARPU (blended)
9
|
10.90
|
9.90
|
10.20
|
10.00
|
9.90
|
9.40
|
|
Cost
of serving (CCPU)4,10
|
23
|
23
|
22
|
23
|
23
|
24
|
|
Cost
per gross add (CPGA)5
|
310
|
290
|
300
|
290
|
270
|
300
|
|
($
million)
|
||||||
|
Total
revenues
|
5,278
|
21,531
|
5,411
|
5,380
|
5,342
|
5,398
|
|
Service
revenues2
|
4,632
|
18,926
|
4,653
|
4,733
|
4,766
|
4,774
|
|
OIBDA6
|
1,394
|
5,915
|
1,375
|
1,556
|
1,601
|
1,383
|
|
OIBDA
margin 7
|
30%
|
31%
|
30%
|
33%
|
34%
|
29%
|
|
Capital
expenditures8
|
666
|
3,687
|
697
|
787
|
1,078
|
1,125
|
|
1.
|
Average
Revenue Per User (“ARPU”) represents the average monthly service revenue
we earn from our customers. ARPU is calculated by dividing
service revenues for the specified period by the average customers during
the period, and further dividing by the number of months in the
period. We believe ARPU provides management with useful
information to evaluate the revenues generated from our customer
base.
|
|
2.
|
Churn
is defined as the number of customers whose service was discontinued
during that period, expressed as a monthly percentage of the average
number of customers during the specified period. We believe that churn,
which is a measure of customer retention and loyalty, provides relevant
and useful information and is used by our management to evaluate the
operating performance of our
business.
|
|
3.
|
A
customer is defined as a SIM card with a unique mobile identity number
which generates revenue. Contract customers and prepaid customers include
FlexPay customers depending on the type of rate plan selected. FlexPay
customers with a contract are included in contract customers, and FlexPay
customers without a contract are included in prepaid
customers. Mobile virtual network operators are classified as
prepaid customers as they most closely align with this customer
segment. Connected devices (also known as machine-to-machine
customers) have contracts and are therefore included in contract
customers.
|
|
4.
|
The average cash cost
of serving customers, or Cash Cost Per User (“CCPU”) is a non-GAAP
financial measure and includes all network and general and administrative
costs as well as the subsidy loss unrelated to customer
acquisition. Subsidy loss unrelated to customer acquisition
includes upgrade handset costs for existing customers offset by upgrade
equipment revenues and other related direct costs. This measure
is calculated as a per month average by dividing the total costs for the
specified period by the average total customers during the period and
further dividing by the number of months in the period. We believe that
CCPU, which is a measure of the costs of serving a customer, provides
relevant and useful information and is used by our management to evaluate
the operating performance of our
business.
|
|
5.
|
Cost
Per Gross Add (“CPGA”) is a non-GAAP financial measure and is calculated
by dividing the costs of acquiring a new customer, consisting of customer
acquisition costs plus the subsidy loss related to customer acquisition
for the specified period, by gross customers added during the period.
Subsidy loss related to customer acquisition consists primarily of the
excess of handset and accessory costs over related revenues incurred to
acquire new customers. We believe that CPGA, which is a measure
of the cost of acquiring a customer, provides relevant and useful
information and is used by our management to evaluate the operating
performance of our business.
|
|
6.
|
Operating
Income Before Interest, Depreciation and Amortization (“OIBDA”) is a
non-GAAP financial measure, which we define as operating income before
depreciation and amortization. In a capital-intensive industry
such as wireless telecommunications, we believe OIBDA, as well as the
associated percentage margin calculation, to be meaningful measures of our
operating performance. OIBDA should not be construed as an alternative to
operating income or net income as determined in accordance with GAAP, as
an alternative to cash flows from operating activities as determined in
accordance with GAAP or as a measure of liquidity. We use OIBDA
as an integral part of our planning and internal financial reporting
processes, to evaluate the performance of our business by senior
management and to compare our performance with that of many of our
competitors. We believe that operating income is the financial
measure calculated and presented in accordance with GAAP that is the most
directly comparable to OIBDA.
|
|
7.
|
OIBDA
margin is a non-GAAP financial measure, which we define as OIBDA (as
described in Note 5 above) divided by service
revenues.
|
|
8.
|
Capital
expenditures consist of amounts paid by T-Mobile USA for purchases of
property and equipment.
|
|
9.
|
Data
ARPU is defined as total data revenues divided by average total customers
during the period. Total data revenues include data revenues
from contract customers, prepaid customers, Wi-Fi revenues and data
roaming revenues. The relative fair value of data revenues from
unlimited voice and data plans are included in total data
revenues.
|
|
10.
|
Certain
of the comparative figures in the prior period have been reclassified to
conform to the current period CCPU
presentation.
|
|
|
T-MOBILE
USA
|
|
March
31,
|
December
31,
|
||||||||||||||||||||||
|
2010
|
2009
|
||||||||||||||||||||||
|
ASSETS
|
|||||||||||||||||||||||
|
Current
assets:
|
|||||||||||||||||||||||
|
Cash
and cash equivalents
|
$ 74
|
$ 207
|
|||||||||||||||||||||
|
Receivables
from affiliates
|
372
|
610
|
|||||||||||||||||||||
|
Accounts
receivable, net of allowances of $336 and $346,
respectively
|
2,617
|
2,740
|
|||||||||||||||||||||
|
Inventory
|
620
|
640
|
|||||||||||||||||||||
|
Current
portion of net deferred tax assets
|
1,143
|
1,100
|
|||||||||||||||||||||
|
Other
current assets
|
518
|
548
|
|||||||||||||||||||||
|
Total
current
assets.................................................................................
|
5,344
|
5,845
|
|||||||||||||||||||||
|
Property
and equipment, net of accumulated depreciation of $12,375
|
|||||||||||||||||||||||
|
and
$11,841, respectively
|
12,983
|
13,192
|
|||||||||||||||||||||
|
Goodwill
|
12,044
|
12,025
|
|||||||||||||||||||||
|
Spectrum
licenses
|
15,270
|
15,256
|
|||||||||||||||||||||
|
Other
intangible assets, net of accumulated amortization of $124 and $111,
respectively
|
147
|
159
|
|||||||||||||||||||||
|
Long-term
investments and other
assets..............................................................
|
308
|
297
|
|||||||||||||||||||||
|
$ 46,096
|
$ 46,774
|
||||||||||||||||||||||
|
LIABILITIES AND STOCKHOLDER’S EQUITY
|
|||||||||||||||||||||||
|
Current
liabilities:
|
|||||||||||||||||||||||
|
Accounts
payable and accrued
liabilities
|
$ 3,162
|
$ 3,474
|
|||||||||||||||||||||
|
Current
payables to affiliates
|
3,770
|
4,302
|
|||||||||||||||||||||
|
Other
current liabilities
|
358
|
373
|
|||||||||||||||||||||
|
Total
current
liabilities.............................................................................
|
7,290
|
8,149
|
|||||||||||||||||||||
|
Long-term
payables to
affiliates................................................................................
|
9,182
|
9,682
|
|||||||||||||||||||||
|
Deferred tax
liabilities
|
3,460
|
3,205
|
|||||||||||||||||||||
|
Other
long-term liabilities
|
1,551
|
1,488
|
|||||||||||||||||||||
|
Total
long-term liabilities
|
14,193
|
14,375
|
|||||||||||||||||||||
|
Commitments
and contingencies
|
|||||||||||||||||||||||
|
Stockholder’s
equity:
|
|||||||||||||||||||||||
|
Common
stock and additional paid-in
capital................................................
|
36,593
|
36,593
|
|||||||||||||||||||||
|
Accumulated
other comprehensive loss
|
(8)
|
(8)
|
|||||||||||||||||||||
|
Accumulated
deficit
.......................................................................................
|
(12,074)
|
(12,436)
|
|||||||||||||||||||||
|
Total
T-Mobile USA stockholder’s
equity...............................................
|
24,511
|
24,149
|
|||||||||||||||||||||
|
Noncontrolling
interest
...............................................................................
|
102
|
101
|
|||||||||||||||||||||
|
Total
stockholder’s
equity.....................................................................
|
24,613
|
24,250
|
|||||||||||||||||||||
|
$ 46,096
|
$ 46,774
|
||||||||||||||||||||||
|
Quarter
Ended March 31,
2010
|
Quarter
Ended
December
31, 2009
|
Quarter
Ended March 31,
2009
|
|||||||||||
|
Revenues:
Contract
|
$ 4,112
|
$ 4,131
|
$ 4,225
|
||||||||||
|
Prepaid
|
378
|
362
|
393
|
||||||||||
|
Roaming
and other services
|
142
|
160
|
156
|
||||||||||
|
Equipment
sales*
|
608
|
688
|
578
|
||||||||||
|
Other*
|
38
|
70
|
46
|
||||||||||
|
Total
revenues
|
5,278
|
5,411
|
5,398
|
||||||||||
|
Operating
expenses:
|
|||||||||||||
|
Network
|
1,223
|
1,190
|
1,249
|
||||||||||
|
Cost
of equipment sales*
|
989
|
1,044
|
1,013
|
||||||||||
|
General
and administrative*
|
882
|
861
|
902
|
||||||||||
|
Customer
acquisition
|
790
|
941
|
851
|
||||||||||
|
Depreciation
and amortization
|
651
|
726
|
697
|
||||||||||
|
Total
operating expenses
|
4,535
|
4,762
|
4,712
|
||||||||||
|
Operating
income
|
743
|
649
|
686
|
||||||||||
|
Other
expense, net
|
(156)
|
(195)
|
(165)
|
||||||||||
|
Income
before income taxes
|
587
|
454
|
521
|
||||||||||
|
Income
tax expense
|
(225)
|
(148)
|
(199)
|
||||||||||
|
Net
income
|
$ 362
|
$ 306
|
$ 322
|
||||||||||
|
Quarter
Ended March 31, 2010
|
Quarter
Ended March 31, 2009
|
|||||
|
Operating
activities:
|
||||||
|
Net
income
|
$ 362
|
$ 322
|
||||
|
Adjustments
to reconcile net income to net cash provided
by operating
activities:
|
||||||
|
Depreciation
and
amortization
|
651
|
697
|
||||
|
Income
tax
expense
|
225
|
199
|
||||
|
Bad
debt
expense
|
138
|
133
|
||||
|
Other,
net
|
47
|
14
|
||||
|
Changes
in operating assets and liabilities:
|
||||||
|
Accounts
receivable
|
(17)
|
112
|
||||
|
Inventory
|
20
|
17
|
||||
|
Other
current and non-current
assets
|
(6)
|
(22)
|
||||
|
Accounts
payable and accrued liabilities
|
(29)
|
(313)
|
||||
|
Net
cash provided by operating
activities
|
1,391
|
1,159
|
||||
|
Investing
activities:
|
||||||
|
Purchases
of property and
equipment
|
(666)
|
(1,125)
|
||||
|
Purchase
of intangible
assets
|
(4)
|
(7)
|
||||
|
Short-term
affiliate loan receivable,
net
|
(875)
|
(396)
|
||||
|
Other,
net………………………………………………………....
|
-
|
(1)
|
||||
|
Net
cash used in investing
activities
|
(1,545)
|
(1,529)
|
||||
|
Financing
activities:
|
||||||
|
Long-term
debt borrowings from
affiliates
|
21
|
200
|
||||
|
Long-term
debt repayment to
affiliates
|
-
|
(83)
|
||||
|
Net
cash provided by financing
activities
|
21
|
117
|
||||
|
Change
in cash and cash
equivalents
|
(133)
|
(253)
|
||||
|
Cash
and cash equivalents, beginning of period
|
207
|
306
|
||||
|
Cash
and cash equivalents, end of
period
|
$ 74
|
$ 53
|
||||
|
Q1
2010
|
Full Year
2009
|
Q4
2009
|
Q3 2009
|
Q2
2009
|
Q1
2009
|
||
|
OIBDA
|
$1,394
|
$5,915
|
$1,375
|
$1,556
|
$1,601
|
$1,383
|
|
|
Depreciation
and amortization
|
(651)
|
(2,859)
|
(726)
|
(713)
|
(723)
|
(697)
|
|
|
Operating
income
|
$743
|
$3,056
|
$649
|
$843
|
$878
|
$686
|
|
Q1
2010
|
Full Year 2009
|
Q4 2009
|
Q3 2009
|
Q2
2009
|
Q1
2009
|
||||||||||||||||||||
|
Customer
acquisition costs
|
$790
|
$3,382
|
$941
|
$799
|
$791
|
$851
|
|||||||||||||||||||
|
Plus:
Subsidy loss
|
|||||||||||||||||||||||||
|
Equipment
sales
|
(608) (2,403)
|
(688)
|
(602)
|
(535)
|
(578)
|
||||||||||||||||||||
|
Cost
of equipment sales
|
989
|
3,856
|
1,044
|
937
|
862
|
1,013
|
|||||||||||||||||||
|
Total
subsidy loss
|
381
|
1,453
|
356
|
335
|
327
|
435
|
|||||||||||||||||||
|
Less:
Subsidy loss unrelated to customer acquisition
|
(213)
|
(772)
|
(173)
|
(164)
|
(184)
|
(251)
|
|||||||||||||||||||
|
Subsidy
loss related to customer acquisition
|
168
|
681
|
183
|
171
|
143
|
184
|
|||||||||||||||||||
|
Cost
of acquiring customers
|
$958
|
$4,063
|
$1,124
|
$970
|
$934
|
$1,035
|
|||||||||||||||||||
|
CPGA
($ / new customer added)
|
$310
|
$290
|
$300
|
$290
|
$270
|
$300
|
|||||||||||||||||||
|
Q1
2010
|
Full Year 2009
|
Q4 2009
|
Q3
2009
|
Q2
2009
|
Q1
2009
|
|||
|
Network
costs
|
$1,223
|
$4,936
|
$1,190
|
$1,261
|
$1,236
|
$1,249
|
||
|
General
and administrative costs*
|
882
|
3,442
|
861
|
827
|
852
|
902
|
||
|
Total
network and general and administrative costs*
|
2,105
|
8,378
|
2,051
|
2,088
|
2,088
|
2,151
|
||
|
Plus:
Subsidy loss unrelated to customer acquisition*
|
213
|
772
|
173
|
164
|
184
|
251
|
||
|
Total
cost of serving customers*
|
$2,318
|
$9,150
|
$2,224
|
$2,252
|
$2,272
|
$2,402
|
||
|
CCPU
($ / customer per month)*
|
$23
|
$23
|
$22
|
$23
|
$23
|
$24
|
||