News Summary: T-Mobile loses subscribers

Published August 9, 2012 8:16pm ET



SLIDE CONTINUES: T-Mobile USA, the country’s No. 4 cellphone company, lost subscribers and struggled to sign people up for smartphones.

THE NUMBERS: It lost 205,000 subscribers in the second quarter, a record for the period. Among phone subscribers under contract, it lost 557,000 subscribers, also the highest number of the second quarter.

STAYING PROFITABLE: Thanks to job cuts, T-Mobile continued to be profitable, with a second-quarter net income of $207 million, nearly flat compared with $212 million a year ago. Overall revenue fell 3 percent from a year ago to $4.9 billion.