Check the annual reports and income for both companies. MetroPCS saw the most growth in 4Q of 2008 of the prepaid/unlimited companies. Metro is now set to become the nuraber one "remaining 7" wireless carrier, wireless companies with less than 10 million customers, surpassing US Cellular.
Metro tacked on 1.4m in 2008, with a record 52,000 customers in the 4Q to finish on 5.4 million customers. I do not have the 2008 nurabers for Leap, but during the 4Q they added 38,000 customers to finish off with 3.85 million.
It isn't just nuraber of customers, it's quarterly and annual growth as well.
Even though both companies reported lower ARPUs, the largest ARPU loss of all the wireless companies with less than 10 million customers, they still saw company growth. MetroPCS was up 35.4% in 2008, compared to 34.7% growth in 2007, while Leap improved from 28.4% to 34.3%. This is counting both subsidiaries.
MetroPCS posted net income of $14.6 million in the 4Q, or 4 cents a share, compared with a year-earlier net loss of $47.2 million, or 14 cents a share. The results included a $10.8 million and $82.7 million write-down related to auction-rate securities, respectively. Revenue increased 22% to $723.6 million.
Leap posted a net loss of $54.8 million, or 81 cents a share, compared with a prior-year net loss of $18.1 million, or 27 cents a share. The latest results include 86 cents in losses related to the company's launch of new markets and "other initiatives." Revenue rose 21% to $518.9 million.
Information pulled from quarterly reports.
Both companies are expanding and investing, so the losses could bring in more in the coming years from new launches in Chicago, Philly, Boston, and NY for the two companies, respectively.
So both companies are growing and adding new customers, while maintaining a low respectable churn. Metro is bringing in profits while Leap is experiencing losses as they invest in expanding to new POPs. Metro is also investing in new tech, such as targeting a 4G LTE launch in later 2010, so there is sure to be losses in the quarterly reports then.