T-Mobile 1st Quarter Results

T-Mobile reported their 1st quarter results. Overall, the numbers showed growth and were higher than analysts' estimates.

Net Additions = 980,000(down from 1.04 million a yr ago, but up from 901,000 in 4Q)
Total Churn = 2.6% (drop from 2.7% this quarter last year)
Post-Paid Churn = 1.9% (drop from 2.1% this quarter last year)
ARPU (Avg. Revenue Per User) = $52 (51% increase year over year)
Data ARPU = $7.50 (increase from $6.50 in 1Q06)

74% of the net additions were post-paid subscribers. Currently 84% of T-Mobile's customers are post-paid subscribers.

Sprint 1st Quarter Results

Sprint reported a net income loss of $211 million for the first quarter. The company saw positive subscriber growth, but still reported a loss for post-paid subscribers.

Net Additions = 600,000 (had a loss of 220,000 post-paid subscribers)
Total Churn = 2.3% (unchanged from 4th quarter, but up from 2.1% reported in 1Q06)
Post-Paid ARPU (Avg. Revenue Per User) = $59 (5% decrease year over year)
Data ARPU = $9.25(industry high - 44% increase year over year)
Wireless Revenues = $10.1 billion

Sprint ended the quarter with 53.6 million total subscribers.

Verizon 1st Quarter Results

Verizon reported their 1st quarter results, again outpacing the competition in subscriber additions and keeping an industry low churn.

Net Additions = 1.7 million (1.6 million of which are direct customers)
Total Churn = 1.08% (drop from 1.2% this quarter last year)
ARPU (Avg. Revenue Per User) = $50.73 (4.2% increase year over year)
Data ARPU = $8.95 (54% increase year over year)
Wireless Revenues = $10.3 billion (increase of 17%)

Verizon ended the quarter with 60.7 million subscribers, just shy of Cingular's 62.2 million subscribers.

ATT (Cingular) 1st Quarter Results

ATT reported their 1st quarter results for their wireless division Cingular. Overall, the numbers were good, but ATT did not meet analysts' estimates.

Net Additions = 1.2 million (short of analysts' estimates of 1.3 million)
Total Churn = 1.7% (drop from 1.9% this quarter last year)
Post-Paid Churn = 1.3% (drop from 1.6% this quarter last year)
ARPU (Avg. Revenue Per User) = $49.21 (1.5% increase year over year)
Data ARPU = $7.88 (51% increase year over year)
Wireless Revenues = $10 billion (increase of 11%)

Wireless revenue represented one-third of ATT's total revenue for the first quarter.