Tracfone grows Q4 revenues 62%, adds 1.1 mln subs

US MVNO Tracfone, a unit of America Movil, added 1.1 million new subscribers in the fourth quarter, and 3.3 million in the twelve months of 2010, to finish December with 17.7 million clients, an increase of 23 percent in the period. Quarterly revenues came in at USD 789 million, up 62.4 percent from a year earlier. ARPU expanded by 38 percent to USD 14. MOUs tripled to 300 minutes per subscriber, reflecting the greater weight that the StraightTalk plans have in Tracfone's commercial offerings, the company said. EBITDA for the period was USD 34 million, compared to a negative EBITDA of USD 2 million in December 2009. EBITDA margin for the period also increased to 4.3 percent.