U.S. Cellular posted $62.5 million in Q1 profit vs. $35.2...
U.S. Cellular posted $62.5 million in Q1 profit vs. $35.2 million in the year-ago quarter, helped by higher average revenue per user, the company said Friday. The carrier lost 34,000 retail customers on a net basis in Q1 from Q4,…
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including a loss of 38,000 postpaid customers and gain of 4,000 prepaid customers. The carrier had 5.84 million total customers at the end of Q1. The initial LTE rollout in Iowa, Maine, North Carolina, Oklahoma, Texas and Wisconsin is on track, CEO Mary Dillon said during an earnings call. About half of the carrier’s customers will be covered by LTE by the end of the year, she said. Smartphones accounted for 54.1 percent of all devices sold in the quarter, up from 42.5 percent in Q1 2011. Some 34 percent of postpaid customers are using smartphones, the company said. Total average revenue per user climbed to $58.21 monthly from $54.29 in the year-ago period.