World VoIP NewsMetroPCS on track to LTEMetroPCS on track to LTE

MetroPCS on track to LTE

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MetroPCS is on track to launch its Long Term Evolution (LTE) network later this year, with plans to deploy a commercial 4G network in various metropolitan markets including Las Vegas.
‘We are on track for our initial 4G LTE launch in selected metropolitan areas in the second half of this year. Our 4G LTE network will enable us to offer an increasing array of new services and applications to Smartphones and other devices,’ said Roger D. Linquist, chairman, president and CEO of MetroPCS. MetroPCS has contracted Ericsson as the infrastructure vendor for its new network.

Daily Market reports that leading unlimited wireless carrier MetroPCS Communications  reported first-quarter 2010 earnings per share of 6 cents matching the Zacks Consensus Estimate. However, net income plunged 48% year-over-year to $22.7 million on account of a 30% year-over-year increase in operating expenses (attributable to high handset subsidies and costs related to the new rate plans), which offset the healthy revenue growth.

Revenues soared 22% year-over-year on the back of healthy subscriber accretion and a 17.4% annualized increase in service revenue. ARPU (average revenue per user) fell year-over-year, hit by aggressive price promotions. However, churn declined significantly due to healthy customer adoption of the carrier’s new “Wireless for All” service plan and higher spending on handset subsidies to retain customers.

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