T-Mobile USA, a subsidiary of Deutsche Telekom AG (DTE.DE, DTEGY.PK), said it added a net 126,000 subscribers in the third quarter, after nine months of losses, driven by its "Value" plans and unlimited Monthly 4G prepaid growth.
Third quarter net customer additions were a 176,000 improvement from net customer losses in the second quarter of 2011 of 50,000 and slightly down from 137,000 net customer additions in the third quarter of 2010, the company said.
The quarter-over-quarter improvement in net customer additions may be impacted in the fourth quarter of 2011 due to competitor launches of the iPhone 4S, it added.
The company's Value plans offer subscribers the option to pay lower monthly fees if they bring their own phones or pay full price for new phones.
For the third quarter, T-Mobile USA's net income increased to $332 million from $320 million in the same period of last year. Revenue fell 2 percent to $5.3 billion.
"Earnings improved as we continued to focus on making smartphones affordable to all Americans through our unlimited Value plans, improvements to our 4G network, and an expanding portfolio of 4G devices," said Philipp Humm, President and CEO of T-Mobile USA.
AT&T Inc.'s proposed acquisition of T-Mobile from its German parent Deutsche Telekom AG for $39 billion has hit a blockade, with the U.S. Justice Department filing a lawsuit to stop the deal, saying that purchase would reduce competition and raise wireless telephone prices.
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