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T-Mobile incurred a loss of $20 million in Q4 2013

T-Mobile

America’s fourth largest carrier T-Mobile has just published numbers from Q4 2013, with a net loss of $20 million being reported. The loss was reported despite the carrier adding over 1.65 million customers over the three month period.

The company made over $6.8 billion in the quarter which is a year-over-year increase of 39%. T-Mobile has offered several customer friendly services over the past year or so, which have certainly resulted in loss of revenue for the carrier. However, keeping the future in mind, the carrier is going on the right track.

In its annual report, T-Mobile also mentioned some positives such as the expansion of MetroPCS into more parts of the U.S. and the execution of several Uncarrier initiatives. While the carrier is still not churning in the big bucks, it is clear that an increasing number of customers are now looking towards T-Mobile as a viable replacement to the big two (Verizon & AT&T) and even Sprint. Will T-Mobile manage to convert this momentum into something more positive in the coming months? Only time will tell.

Source: T-Mobile

Via: Android Central