Cricket and Boost see increased prepaid activity

asking and answering questions about prepaid wireless. Something else these articles illustrate is the increased focus on prepaid wireless in the media. It’s a good story in these times. So are people reacting? It seems so. Cricket wireless and Boost Mobile are two companies who have seen an an uptick in customer activity in recent months.

“We’re seeing an increased interest in prepaid in the past three months,” said Boost president Matt Carter in an interview with Reuters. He said the weakening economy is causing people who would have chosen postpaid contracts before to instead opt for prepaid services as they are “doing more due diligence” in looking for the best value. … Leap’s Chief Financial Officer Walter Berger also said on Tuesday that it too is seeing strong customer growth as the economy worsens. “In the third quarter we saw strength in October with respect to net customer additions. Thus far we’re seeing such trends continue,” Berger told analysts at a UBS investor conference, adding that the company had a good Black Friday, the day after Thanksgiving, a key shopping day. “We’re also seeing the benefit of flight to value” because of the economy, said Berger.

There’s nothing much you I can add here. It looks like a good time for the prepaid industry. I’m only sorry that it’s at the expense of others.]]>