NEW YORK, Aug 8 (Reuters) – T-Mobile US posted a 16
percent decrease in quarterly adjusted EBITDA due to higher
expenses, even as the No. 4 U.S. mobile service provider
recorded higher service revenue.
Adjusted earnings before interest, tax, depreciation and
amortization (EBITDA) for the second quarter slid by 16 percent
to $1.1 billion compared with the same period last year.
On a pro forma combined basis, including the MetroPCS,
adjusted EBITDA dropped 30 percent year-over-year to $1.3
billion, primarily due to higher promotional spending.
Service revenue for the second quarter grew by 8.6 percent
helped by inclusion of MetroPCS results for May and June 2013.
Total revenue rose by 27.5 percent primarily due to the
inclusion of MetroPCS results for May and June 2013 and higher
equipment sales due to record smartphone sales.
The company, which is 74 percent owned by Deutsche Telekom
AG and merged with smaller rival MetroPCS in April,
was helped by its Apple Inc iPhone launch and marketing
of a new pricing policy.
