On Air Now

Current Show

Coast to Coast AM   12:00 AM - 5:00 AM

Contact Coast to Coast AM at 1-800-825-5033

Show Info »

Upcoming Shows

Program Schedule »


Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI


Current Conditions(Wausau,WI 54403)

More Weather »
51° Feels Like: 51°
Wind: S 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip


Mostly Cloudy 47°


Partly Cloudy 71°

Sat Night

Thunderstorms 62°


MetroPCS reports decline in subscribers as it awaits merger

(Reuters) - MetroPCS Communications could not attract enough new paying customers to offset the loss of millions of subscribers fleeing its mobile phone service.

The company, which released its subscriber data for the quarter ending December 31, 2012, on Monday, said that additions to its service fell 29 percent.

The number of total subscribers fell 5 percent to 8.8 million, the first time that Metro PCS lost customers during a typically strong quarter, noted UBS analyst John Hodulik.

Shares of the company were down 2.6 percent at $9.48 on Monday morning.

The rate at which customers dropped the service, or "churn," was 3.6 percent for the quarter, almost unchanged from the same quarter a year ago.

The quarterly subscriber results come as MetroPCS awaits approval to merge with Deutsche Telekom unit T-Mobile USA.

"We believe this underscores the urgency with which the company pursued merger partners before reaching a deal with T-Mobile in October," Hodulik wrote.

On a more positive note, the Dallas-based company is gaining subscribers to its next generation network - 4G LTE or long term evolution. It said it increased the number of LTE customers 117 percent to more than 2.2 million, quarter-on-quarter.

(Reporting by Jennifer Saba in New York; editing by Matthew Lewis)