A first-ever loss in customers for T-Mobile USA took its toll on sales and earnings during the fourth quarter.
For the quarter ended December 31, the mobile carrier suffered a total loss of 23,000 subscribers, compared with gains of 137,000 in the third quarter and 371,000 in 2009's final quarter. The churn rate measuring the overall customer exits rose to 3.6 percent in the quarter, up from 3.3 percent a year ago.
The exodus of subscribers pushed down fourth-quarter earnings to $268 million, down from $306 million in the prior year's quarter. Sales … Read more