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Wireless

Tracfone grows Q3 revenues 75%, adds 745,000 subscribers

Thursday 28 October 2010 | 11:58 CET | News
US MVNO Tracfone, a unit of America Movil, added 745,000 new subscribers in the third quarter, 4.6 percent more than a year ago, to finish September with 16.7 million clients, a 26.2 percent year-on-year increase. Quarterly revenues came in at USD 738 million dollars, up 75.1 percent from a year earlier. The operator attributed the growth to success in its strategy to move upscale in the prepaid segment, which resulted in ARPU expanding by one third to USD 13. EBITDA for the period was USD 81 million, up 3.9 percent, held back by the costs associated with the development and expansion of its

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Categories: Mobile & Wireless
Companies: America Movil / Tracfone Wireless
Countries: United States
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Comments

So straight talk are rampaging ahead, and selling unlimited by the dozen! Net10 is offering unlimited for $50. And everybody keeps chasing bigger consumption. It stands to fair reason that the company is there to make money, but I feel that tracfone itself, with the really cheap handsets and dmfl, is getting ignored. There's a definite gap starting to appear between the different companies. This is not good for small users, who prefer to save money by consuming less, as opposed to buying bulk.
Denton Vetton @ 21/11/2010 - 11:09

I am assuming ( by the reference to Straight Talk's development) these are the figures for Tracfone including its subsidiaries Straight Talk and Net10. It would make sense that they would appeal to so many, as between the 3 companies, they cover a large selection of both plan and handset choices, catering to a diverse segment of the public. Net10 alone offers services ranging from $15/ month to $50 unlimited-and within my family, we can find an option suited to each of us, from my 13yr old son to my 70yr old mom! As Frank mentioned; in our current economy, prepaid is smart thinking!
T Crawley @ 21/11/2010 - 07:12

Not very surprised with this accomplishment by Tracfone - it really is a wonderful prepaid service that offers seriously everything you need in a cell phone but without paying a monthly bill. I think with the state our economy is in, switching to prepaid is one of the smartest decisions you can make and it looks like people are starting to catch on. It's too good of a deal to pass up - great coverage, low prices, and big savings with Tracfone :)
Frank Austin @ 30/10/2010 - 06:30


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