MetroPCS reports fair third quarter

Strange that we’re still hearing about quarterly reports in the middle of November. It’s MetroPCS’s turn now, and they didn’t do too poorly. Net income rose a nifty 81 percent from this time last year, though the company going public earlier this year surely had something to do with that. They also came near revenue estimates of $565.32 million, recording $557 million. Ah, but at always, we’re far more interested in subscriber data. The company added 114,000 subscribers in the third quarter, just 10,000 short of Boost Unlimited. And yes, we’ve received confirmation that Boost Unlimited did, in fact, add 124,000 customers in the third quarter. This wouldn’t be a MetroPCS post if we didn’t bring up the disappointing fallout of the Leap merger. Metro seems to be in the driver’s seat right now, reporting fairly strong earnings and subscribers, while Leap is reviewing old earnings reports. Any chance they want a do-over on that merger proposal? While some analysts still see the merger in the future, we’re having a tough time. Surely Metro’s next offer won’t be nearly as sweet, considering the developments of the past few weeks. Leap, we expect, will be driven by pride and wouldn’t accept a lesser offer. So we’ll have media-laden negotiations, which will end in another fallout. Then again, that’s just our speculation. Who knows. Maybe Metro will merge with Sprint Nextel. Who knows. [RTT News]]]>