T-Mobile USA Continues to Invest in Network Quality and Reports Second Quarter 2008...
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T-Mobile USA Continues to Invest in Network Quality and Reports Second Quarter 2008 Results
-- $1.58 billion Operating Income Before Depreciation and
Amortization ("OIBDA") in the second quarter of 2008, up 14%
from the second quarter of 2007
-- 668,000 net new customers added in the second quarter of 2008,
of which almost 80% were contract customers
-- Service revenues of $4.9 billion in the second quarter of
2008, up 16% from the second quarter of 2007
-- Continued focus on improving network quality with
approximately $1.1 billion invested and 1,000 new cell sites
built in the second quarter of 2008
-- Ranked highest in wireless retail sales satisfaction according
to J.D. Power and Associates
BELLEVUE, Wash.--(Business Wire)--
T-Mobile USA, Inc. (T-Mobile USA) today reported second quarter
2008 results. At the end of the quarter, T-Mobile USA had 31.5 million
customers, adding 668,000 net new customers during the second quarter,
OIBDA of $1.58 billion, up 14% compared to the second quarter of 2007,
and blended churn of 2.7% consistent with the second quarter of 2007.
The second quarter of 2008 is the first full quarter SunCom Wireless
(SunCom) has been reflected in the results of T-Mobile USA. SunCom did
not have a significant impact on T-Mobile USA's first and second
quarter 2008 consolidated metrics and results unless specifically
stated below.
"T-Mobile continues to pursue new innovations to meet the pressing
needs of our customers," said Robert Dotson, President and CEO,
T-Mobile USA. "In the quarter we went national with T-Mobile @Home, an
affordable alternative to traditional landline service made available
at a time when customers are eager for new ways to stretch their
dollars. We also introduced our new Unlimited Family Plan for
customers craving to stay connected to people in ways that don't put
additional stress on the family budget."
"With continued double-digit dollar growth in revenues and OIBDA,
T-Mobile USA continues to be one of the leading growth drivers for
Deutsche Telekom," said Rene Obermann, Chief Executive Officer,
Deutsche Telekom. "We remain excited about the future growth
opportunities in the U.S., especially in mobile data as we look toward
a national introduction of our new 3G network later this year."
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Customers
--In the second quarter of 2008, T-Mobile USA added 668,000 net new
customers, down from 981,000 in the first quarter of 2008, not
including 1.1 million customers acquired from SunCom, and 857,000 in
the second quarter of 2007.
-- The sequential fall in net new customers related primarily to
higher contract churn, as explained below. Gross contract
customer additions remained consistently strong sequentially.
-- Prepaid net additions (which consist of both traditional
prepaid and FlexPay no-contract customers) were 143,000 in the
second quarter of 2008, down from 248,000 in the first quarter of
2008 and 170,000 in the second quarter of 2007. Traditional
prepaid customers fell in the second quarter of 2008 by
approximately 160,000. This was more than offset by new customer
additions and migrations to the FlexPay no-contract product,
which continues to grow and attract large numbers of new
customers. T-Mobile USA repositioned its prepaid business in the
quarter, implementing new products and new dealer compensation
programs.
-- Contract customer net additions remained proportionally strong
in the second quarter of 2008 making up almost 80% of customer
growth, consistent with the first quarter of 2008 and second
quarter of 2007 which were 75% and 80%, respectively.
-- myFaves continues to be very popular with our customers. At the
end of the second quarter there were more than 6.5 million
myFaves customers, up from 5.5 million at the end of the first
quarter of 2008.
--Contract customers comprised 83% of T-Mobile USA's total customer
base at June 30, 2008. T-Mobile USA ended the quarter with 31.5
million customers.
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Churn
--Contract customer churn was 1.9% in the second quarter of 2008, up
from 1.7% in the first quarter of 2008 and 1.8% in the second quarter
of 2007.
-- The sequential increase in contract churn was primarily due to
the anniversary of the introduction of two-year contracts in April
2006. The second quarter of 2008 was the first quarter these two-
year contracts could have expired.
--Blended churn, including both contract and prepaid customers, was
2.7% in the second quarter of 2008, slightly up from 2.6% in the
first quarter of 2008 and in line with the second quarter of 2007.
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OIBDA and Net Income
--T-Mobile USA reported OIBDA of $1.58 billion in the second quarter
of 2008, up from $1.44 billion in the first quarter of 2008 and $1.39
billion in the second quarter of 2007.
-- The sequential increase in OIBDA was primarily due to the larger
customer base increasing service revenues, including the first
full quarter consolidation of SunCom customers.
--OIBDA margin was 32% in the second quarter of 2008, up from 31% in
the first quarter of 2008 and in line with the second quarter of
2007.
--Net income for the second quarter of 2008 was $452 million,
consistent with $462 million in the first quarter of 2008 and up from
$350 million in the second quarter of 2007.
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Revenue
--Service revenues, consisting of contract, prepaid, and roaming and
other service revenues, rose to $4.85 billion in the second quarter
of 2008, up from $4.57 billion in the first quarter of 2008, and up
from $4.20 billion in the second quarter of 2007.
-- The increase in service revenues year over year was primarily due
to the growth in contract customers, including the first full
quarter inclusion of SunCom customers in T-Mobile USA's results.
--Total revenues, including service, equipment, and other revenues
were $5.47 billion in the second quarter of 2008, up from $5.19
billion in the first quarter of 2008 and $4.78 billion in the second
quarter of 2007.
-- The acquisition of SunCom, and its first full quarter
consolidation in T-Mobile USA's results, contributed $209 million to
total revenues in the second quarter, compared to $86 million in the
first quarter of 2008.
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ARPU
--Blended Average Revenue Per User ("ARPU" as defined in note 1 to the
Selected Data, below) was $52 in the second quarter of 2008, up from
$51 in the first quarter and down from $53 in the second quarter of
2007.
--Contract ARPU was $55 in the second quarter of 2008, in line with
the first quarter of 2008 and down from $57 in the second quarter of
2007.
--Prepaid ARPU was $23 in the second quarter of 2008, up from $22 in
the first quarter of 2008 and up from $19 in the second quarter of
2007.
-- The increase in prepaid ARPU is due to the success of higher
ARPU prepaid products, such as FlexPay no-contract.
--Data services revenue, included in service revenues, was $810
million in the second quarter of 2008, representing 16.6% of blended
ARPU, or $8.60 per customer, in line with 16.6% of blended ARPU, or
$8.50 per customer in the first quarter of 2008, and 14.7% of blended
ARPU, or $7.80 per customer in the second quarter of 2007. Data
services revenue increased 31.5% year over year.
-- Growth in messaging revenue continued to be the most significant
driver of data ARPU, as customers continue to move towards
purchasing plans that include messaging. The total number of
messages on the T-Mobile USA network increased to 41 billion in
the second quarter of 2008, compared to 33 billion in the first
quarter of 2008 and 18 billion in the second quarter of 2007.
-- Strong GPRS / EDGE access and usage through continued growth in
converged device users was another significant driver for
increased data revenues.
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CPGA and CCPU
--The average cost of acquiring a customer, Cost Per Gross Add ("CPGA"
as defined in note 4 to the Selected Data, below) was $320 in the
second quarter of 2008, up from $300 in the first quarter of 2008 and
second quarter of 2007.
-- The increase in CPGA compared to the first quarter of 2008 is
primarily due to higher advertising expenses related to the
promotion of new products released during the quarter.
--The average cash cost of serving customers, Cash Cost Per User
("CCPU" as defined in note 3 to the Selected Data, below), was $25
per customer per month in the second quarter of 2008, the same as in
both the first quarter of 2008 and second quarter of 2007.
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Capital Expenditures
--Cash capital expenditures (see note 7 to the Selected Data below)
were $1,062 million in the second quarter of 2008, compared with $690
million in the first quarter of 2008 and $546 million in the second
quarter of 2007.
-- The sequential increase in capital expenditures is primarily due
to more cell sites being built in the quarter.
-- The year over year increase in capital expenditures is primarily
due to the build out of T-Mobile USA's 3G (UMTS / HSDPA) network.
--T-Mobile USA continued its commitment to improve coverage in the
second quarter of 2008, adding approximately 1,000 GSM/GPRS/EDGE new
cell sites, bringing the total number of cell sites at the end of the
quarter to 42,000.
--T-Mobile USA ended the quarter with more than 14,000 3G capable cell
sites (included in the 42,000 above), an increase of 1,000 3G capable
cell sites over the first quarter of 2008.
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Stick Together Highlights
-- On July 2, T-Mobile USA launched T-Mobile @Home(R) nationwide.
This service allows customers to keep their home phone number
and save money by adding their home phone line to their
T-Mobile service. Previously available in two test markets,
Dallas and Seattle, T-Mobile @Home has proved to be a great
solution for families looking for a way to save money without
sacrificing a home phone.
-- On June 5, 2008, T-Mobile USA announced a new unlimited family
plan that offers unlimited nationwide calling and unlimited
text, picture and instant messaging.
-- T-Mobile USA received the highest ranking in overall customer
care according to the J.D. Power and Associates 2008 Wireless
Retail Sales Satisfaction Study(SM) -- Volume 1 released in
May 2008.
-- On May 5, 2008, T-Mobile USA launched its 3G network in New
York City and announced plans to launch up to 25 additional 3G
markets throughout the year, including Las Vegas, which
launched on August 6, 2008.
This press release includes non-GAAP financial measures. The
non-GAAP financial measures should be considered in addition to, but
not as a substitute for, the information provided in accordance with
GAAP. Reconciliations from the non-GAAP financial measures to the most
directly comparable GAAP financial measures are provided below
following Selected Data and the financial statements.
T-Mobile USA is the U.S. operation of Deutsche Telekom AG's (NYSE:
DT) Mobile Communications Business, and is a wholly owned subsidiary
of T-Mobile International. In order to provide comparability with the
results of other U.S. wireless carriers, all financial amounts are in
U.S. dollars and are based on accounting principles generally accepted
in the United States ("GAAP"). T-Mobile USA results are included in
the consolidated results of Deutsche Telekom, but differ from the
information contained herein as Deutsche Telekom reports financial
results in Euros and in accordance with International Financial
Reporting Standards (IFRS).
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SELECTED DATA FOR T-MOBILE USA
(thousands) Q2 08 Q1 08 YE 07 Q4 07 Q3 07 Q2 07
----------------------------------------------------------------------
Covered population(8) 284,000 284,000 284,000 284,000 283,000 282,000
----------------------------------------------------------------------
Customers, end of
period(2) 31,466 30,798 28,685 28,685 27,734 26,877
----------------------------------------------------------------------
Thereof contract
customers 26,246 25,721 23,914 23,914 23,181 22,624
----------------------------------------------------------------------
Thereof prepaid
customers 5,220 5,077 4,771 4,771 4,553 4,253
----------------------------------------------------------------------
Net customer additions 668 981 3,644 951 857 857
----------------------------------------------------------------------
Acquired customers - 1,132 - - - -
----------------------------------------------------------------------
----------------------------------------------------------------------
Minutes of
use/contract
customer/month 1,170 1,150 1,130 1,120 1,130 1,150
----------------------------------------------------------------------
Contract churn 1.90% 1.70% 1.90% 1.80% 2.00% 1.80%
----------------------------------------------------------------------
Blended churn 2.70% 2.60% 2.80% 2.80% 2.90% 2.70%
----------------------------------------------------------------------
----------------------------------------------------------------------
($)
----------------------------------------------------------------------
ARPU (blended)(1, 9) 52 51 52 52 53 53
----------------------------------------------------------------------
ARPU (contract) 55 55 57 56 57 57
----------------------------------------------------------------------
ARPU (prepaid) 23 22 19 20 18 19
----------------------------------------------------------------------
Cost of serving
(CCPU)(3) 25 25 25 25 26 25
----------------------------------------------------------------------
Cost per gross add
(CPGA)(4) 320 300 300 300 280 300
----------------------------------------------------------------------
----------------------------------------------------------------------
($ million)
----------------------------------------------------------------------
Total revenues 5,470 5,187 19,288 5,068 4,894 4,780
----------------------------------------------------------------------
Service revenues(1, 9) 4,854 4,573 16,892 4,371 4,332 4,195
----------------------------------------------------------------------
OIBDA(5) 1,583 1,441 5,350 1,327 1,412 1,386
----------------------------------------------------------------------
OIBDA margin(6) 32% 31% 31% 30% 32% 32%
----------------------------------------------------------------------
Capital
expenditures(7) 1,062 690 2,677 1,009 500 546
----------------------------------------------------------------------
----------------------------------------------------------------------
Cell sites on-air(10) 42,000 41,000 37,900 37,900 37,000 36,400
----------------------------------------------------------------------
Since all companies do not calculate these figures in the same manner,
the information contained in this press release may not be comparable
to similarly titled measures reported by other companies.
(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 recurring revenues generated from our
customer base.
Service revenues include contract, prepaid, and roaming and other
service revenues, and do not include equipment sales and other
revenues. Data services revenues is a component of service revenues.
Within the consolidated financial statements below, other revenues
include co-location rental income and wholesale revenues from the
usage of our network in California, Nevada, and New York by AT&T
customers, among other items, and are therefore not included in ARPU.
(2) Contract customers and prepaid customers include FlexPay(SM)
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.
(3) 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.
(4) 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.
(5) 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.
(6) OIBDA margin is a non-GAAP financial measure, which we define as
OIBDA (as described in note 5 above) divided by total revenues less
equipment sales.
(7) Capital expenditures include amounts paid by T-Mobile USA for
purchases of property, plant and equipment.
(8) The covered population statistic represents T-Mobile USA's GSM /
GPRS / EDGE 1900 voice and data network coverage, combined with
roaming and other agreements.
(9) Data ARPU is defined as total data revenues from contract
customers, prepaid customers, and other data revenues, divided by
average contract and prepaid customers during the period. Wi-Fi
revenues are shown as a component of service revenues.
(10) Cell sites are defined as the total number of sites in service
at the end of the period, excluding small, low-power, low-gain access
sites. A site is in service when all equipment is installed and the
site is integrated into the network.
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T-MOBILE USA
Condensed Consolidated Balance Sheets
(dollars in millions)
(unaudited)
June 30, December 31,
2008 2007
----------------------
ASSETS
Current assets:
Cash and cash equivalents.................... $ 218 $ 64
Short-term affiliate loan receivable......... - 1,075
Short-term investment........................ 141 -
Accounts receivable, net of allowances of
$305 and $272, respectively................. 2,640 2,617
Accounts receivable from affiliates.......... 20 274
Inventory.................................... 789 990
Current portion of net deferred tax assets... 1,010 994
Licenses held for exchange................... 16 1
Other current assets......................... 609 538
----------------------
Total current assets....................... 5,443 6,553
Property and equipment, net of accumulated
depreciation of $10,277 and $9,788,
respectively.................................. 11,828 11,258
Goodwill....................................... 12,011 10,701
Spectrum licenses.............................. 15,081 14,645
Other intangible assets, net of accumulated
amortization of $510 and $489, respectively... 265 47
Other assets................................... 145 155
----------------------
$ 44,773 $ 43,359
======================
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Accounts payable and accrued liabilities..... $ 3,457 $ 3,790
Current payables to affiliates............... 1,663 1,127
Other current liabilities.................... 380 380
----------------------
Total current liabilities.................. 5,500 5,297
----------------------
Long-term payables to affiliates............... 6,634 6,712
Deferred tax liabilities....................... 1,786 1,622
Other long-term liabilities.................... 1,123 915
----------------------
Total long-term liabilities................ 9,543 9,249
----------------------
Minority interest in equity of consolidated
subsidiaries.................................. 92 89
Commitments and contingencies
Stockholder's equity:
Common stock................................. 44,469 44,469
Accumulated deficit.......................... (14,831) (15,745)
----------------------
Total stockholder's equity................. 29,638 28,724
----------------------
$ 44,773 $ 43,359
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T-MOBILE USA
Condensed Consolidated Statements of Operations
(dollars in millions)
(unaudited)
Quarter Ended Quarter Ended Quarter Ended
June 30, March 31, June 30,
2008 2008 2007
-----------------------------------------
Revenues:
Contract.................. $4,321 $4,109 $3,814
Prepaid................... 359 325 232
Roaming and other service. 174 139 149
Equipment sales........... 529 534 496
Other..................... 87 80 89
-----------------------------------------
Total revenues.......... 5,470 5,187 4,780
-----------------------------------------
Operating expenses:
Network................... 1,271 1,166 1,082
Cost of equipment sales... 834 832 747
General and administrative 906 887 788
Customer acquisition...... 876 861 777
Depreciation and
amortization............. 667 678 659
-----------------------------------------
Total operating expenses 4,554 4,424 4,053
-----------------------------------------
Operating income............ 916 763 727
Other expense, net.......... (185) (11) (157)
-----------------------------------------
Income before income taxes.. 731 752 570
Income tax expense.......... (279) (290) (220)
-----------------------------------------
Net income.................. $ 452 $ 462 $ 350
=========================================
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T-MOBILE USA
Condensed Consolidated Statements of Cash Flows
(dollars in millions)
(unaudited)
Quarter Ended Quarter Ended
June 30, 2008 June 30, 2007
---------------------------
Operating activities:
Net income............................... $452 $350
Adjustments to reconcile net income to
net cash provided by operating
activities:
Depreciation and amortization.......... 667 659
Income tax expense..................... 279 220
Other, net............................. 162 110
Changes in operating assets and
liabilities:..........................
Accounts receivable.................. (153) (46)
Inventory............................ (4) 129
Other current and non-current assets. (21) 24
Accounts payable and accrued
liabilities......................... 143 (147)
---------------------------
Net cash provided by operating
activities............................ 1,525 1,299
---------------------------
Investing activities:
Purchases of property and equipment..... (1,062) (546)
Purchases of intangible assets.......... (20) (46)
Short-term affiliate loan receivable.... (425) (600)
Other, net.............................. 48 -
---------------------------
Net cash used in investing activities.. (1,459) (1,192)
---------------------------
Financing activities:
Repayment of bonds payable.............. (768) -
Long-term debt borrowings from
affiliates............................. 783 -
Long-term debt repayments to affiliates. (5) (100)
Other, net.............................. - 1
---------------------------
Net cash provided by/(used in)
financing activities.................. 10 (99)
---------------------------
Change in cash and cash equivalents....... 76 8
Cash and cash equivalents, beginning of
period................................... 142 52
---------------------------
Cash and cash equivalents, end of period.. $218 $60
===========================
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Non-cash investing and financing activities with affiliates:
T-Mobile USA remitted $1,120 million to affiliates in the first
and second quarters of 2008 and $600 million in the second quarter of
2007 as a short-term receivable; the cash outflow was used in the
second quarter of 2008 and 2007, respectively, as settlement of debt
in line with repayment schedules.
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T-MOBILE USA
Reconciliation of Non-GAAP Financial Measures to GAAP Financial
Measures
(dollars in millions, except for CPGA and CCPU)
(unaudited)
OIBDA can be reconciled to our operating income as follows:
Q2 Q1 YE Q4 Q3 Q2
2008 2008 2007 2007 2007 2007
-------------------------------------------
OIBDA $1,583 $1,441 $ 5,350 $1,327 $1,412 $1,386
Depreciation and
amortization (667) (678) (2,609) (681) (643) (659)
-------------------------------------------
Operating income $ 916 $ 763 $ 2,741 $ 646 $ 769 $ 727
===========================================
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The following schedule reflects the CPGA calculation and provides a
reconciliation of cost of acquiring customers used for the CPGA
calculation to customer acquisition costs reported on our condensed
consolidated statements of operations:
Q2 Q1 YE Q4 Q3 Q2
2008 2008 2007 2007 2007 2007
-------------------------------------------
Customer acquisition costs $ 876 $ 861 $ 3,274 $ 901 $ 801 $ 777
Plus: Subsidy loss
Equipment sales (529) (534) (2,061) (620) (480) (496)
Cost of equipment sales 834 832 3,120 879 733 747
-------------------------------------------
Total subsidy loss 305 298 1,059 259 253 251
-------------------------------------------
Less: Subsidy loss
unrelated to customer
acquisition (169) (173) (623) (157) (143) (146)
-------------------------------------------
Subsidy loss related to
customer acquisition 136 125 436 102 110 105
-------------------------------------------
Cost of acquiring
customers $1,012 $ 986 $ 3,710 $1,003 $ 911 $ 882
===========================================
CPGA ($ / new customer
added) $ 320 $ 300 $ 300 $ 300 $ 280 $ 300
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T-MOBILE USA
Reconciliation of Non-GAAP Financial Measures to GAAP Financial
Measures
(dollars in millions, except for CPGA and CCPU)
(unaudited)
The following schedule reflects the CCPU calculation and provides a
reconciliation of the cost of serving customers used for the CCPU
calculation to total network costs plus general and administrative
costs reported on our condensed consolidated statements of
operations:
Q2 Q1 YE Q4 Q3 Q2
2008 2008 2007 2007 2007 2007
-----------------------------------------
Network costs $1,271 $1,166 $4,344 $1,125 $1,130 $1,082
General and administrative 906 887 3,200 836 818 788
-----------------------------------------
Total network and general
and administrative costs 2,177 2,053 7,544 1,961 1,948 1,870
Plus: Subsidy loss unrelated
to customer acquisition 169 173 623 157 143 146
-----------------------------------------
Total cost of serving
customers $2,346 $2,226 $8,167 $2,118 $2,091 $2,016
=========================================
CCPU ($ / customer per
month) $ 25 $ 25 $ 25 $ 25 $ 26 $ 25
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About T-Mobile USA:
Based in Bellevue, WA, T-Mobile USA, Inc. is the U.S. operation of
Deutsche Telekom AG's (NYSE: DT) Mobile Communications Business, and
is a wholly owned subsidiary of T-Mobile International.
T-Mobile USA's innovative wireless products and services help
empower people to connect effortlessly to those who matter most.
T-Mobile USA's GSM/GPRS/EDGE 1900 voice and data network, when
combined with roaming and other agreements, reaches 284 million people
in the U.S. In addition, T-Mobile USA operates one of the largest
Wi-Fi (802.11b) wireless broadband (WLAN) networks in the country
(including roaming sites), available in approximately 9,700 convenient
public access locations nationwide. Multiple independent research
studies continue to rank T-Mobile USA highest in wireless customer
satisfaction, wireless call quality and wireless customer care in
numerous regions throughout the U.S. For more information, visit the
company website at www.t-mobile.com.
About T-Mobile International:
T-Mobile International is one of the world's leading mobile
communications businesses. As part of the Deutsche Telekom AG (NYSE:
DT) group, T-Mobile International concentrates on the key markets in
Europe and the United States.
By the end of the second quarter of 2008, 125 million mobile
customers were served by the mobile communications segments of the
Deutsche Telekom group, all over a common technology platform based on
GSM, the world's most widely used digital wireless standard.
For more information about T-Mobile International, please visit
www.t-mobile.net. For further information on Deutsche Telekom, please
visit www.telekom.de/investor-relations.
Press:
T-Mobile International
Michael Lange, +49 228-936-31717
or
Deutsche Telekom
Andreas Leigers, +49 228-181-4949
or
Investor Relations:
Investor Relations Bonn
Deutsche Telekom, +49 228-181-88880
or
Investor Relations New York
Deutsche Telekom
Nils Paellmann, +1 212-424-2951
+1 877-DT SHARE (toll-free)
Copyright Business Wire 2008
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