Leap Wireless widened its loss in Q4, hurt by higher operating ex...
Leap Wireless widened its loss in Q4, hurt by higher operating expenses. The company posted a loss of $54.8 million, compared to $18.1 million in the year-ago period. Operating expenses increased by 26 percent. But net customer additions jumped…
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153 percent over the year-ago quarter to 385,292. At the end of December, the carrier had 3.84 million customers, up 34.3 percent year-over-year. The company expects to add more than 1.5 million customers in 2009. Churn was 3.8 percent, down from 4.2 percent in the year-earlier period. The carrier expects capital expenditures of between $625 million and $725 million this year, CEO Doug Hutcheson said on a conference call late Thursday.