Leap Wireless said Wednesday it lost a net 337,000 subscribers...
Leap Wireless said Wednesday it lost a net 337,000 subscribers in Q4, marking three consecutive quarters of net customer losses, which was a drop from the carrier’s net 179,000 subscriber gain a year earlier; the loss was larger than the…
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269,000 net loss in Q3. Leap said its Q4 subscriber losses stemmed from its decision in October to stop new sales of its PAYGo service, its shift away from broadband and its move to work with fewer retailers. Leap reported a net loss of $73.8 million, slightly better than its $78.7 million net loss at the same time in 2011. The carrier generated $756 million in revenue for Q4, down from more than $767 million a year before (http://bit.ly/135nhDE).