Tuesday, January 28, 2003 6:48:13 PM
the Fourth Quarter
BONN, Germany & BELLEVUE, Wash., Jan 28, 2003 (BUSINESS WIRE) -- T-Mobile
International AG (NYSE:DT)
-- 9.9 million subscribers at year-end, 86% of which are on contract -- Contract
churn down to 2.45% in the fourth quarter
T-Mobile International AG, the mobile communications subsidiary of Deutsche
Telekom AG (NYSE:DT), today announced fourth quarter 2002 subscriber results of
its U.S. operations, consisting of T-Mobile USA, Inc. and Powertel, Inc., both
of which operate under the T-Mobile brand.
The T-Mobile USA results reported in this press release include Powertel's
results.
"On the strength of our GET MORE promise and the launch of the T-Mobile brand,
we increased our customer base by more than 40% in 2002," said Robert Dotson,
President and Chief Operating Officer of T-Mobile USA. "We continued to improve
the quality of our customer base, adding more than 1 million contract
subscribers for the second straight quarter through strong top-line growth and
reduced churn."
In the fourth quarter ended December 31, 2002, T-Mobile USA added 1,017,000 net
subscribers compared to 869,000 in the third quarter and 667,000 in the fourth
quarter 2001. Net contract subscriber additions amounted to 1,078,000 in the
fourth quarter of 2002. Contract subscribers now comprise 86% of the 9.9 million
customer base compared to 74% at the end of 2001. Contract churn was 2.45% in
the fourth quarter, down from 2.60% in the third quarter and down from 3.30% in
the fourth quarter of 2001. The pre-pay customer base decreased by 61,000 in the
fourth quarter as the company continued to emphasize its contract business.
For the year ended December 31, 2002, T-Mobile USA added 2,923,000 net customers
(including 73,000 from acquisitions). Net contract subscriber additions during
2002 amounted to 3,388,000 (including 45,000 from acquisitions). The pre-pay
customer base decreased by 465,000 in 2002.
Deutsche Telekom will release preliminary financial results, including those of
T-Mobile International, on March 10, 2003.
This press release contains certain statements that are neither reported
financial results nor other historical information. These statements are
forward-looking statements within the meaning of the safe-harbor provisions of
the U.S. federal securities laws. Because these forward-looking statements are
subject to risks and uncertainties, actual future results may differ materially
from those expressed in or implied by the statements. Many of these risks and
uncertainties relate to factors that are beyond Deutsche Telekom's ability to
control or estimate precisely, such as future market conditions, currency
fluctuations, the behavior of other market participants, the actions of
governmental regulators and other risk factors detailed in Deutsche Telekom's,
T-Mobile USA's, and Powertel's reports filed with the Securities and Exchange
Commission (the "Commission"). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date of this
press release. We do not undertake any obligation to publicly release any
revisions to these forward-looking statements to reflect events or circumstances
after the date of this press release.
About T-Mobile International:
T-Mobile International, one of Deutsche Telekom AG's four strategic divisions,
is one of the world's leading international mobile communications providers.
Deutsche Telekom's majority-held mobile companies today serve more than 58
million mobile customers in Europe and the U.S. T-Mobile is the first
transatlantic mobile communications provider with a single brand utilizing the
digital GSM wireless technology standard. For more information about T-Mobile
International, please visit www.t-mobile.net.
About T-Mobile USA:
Based in Bellevue, Wash., T-Mobile USA, Inc. is a member of the T-Mobile
International group, the mobile telecommunications subsidiary of Deutsche
Telekom (NYSE:DT). T-Mobile is committed to providing the best value in wireless
service through its GET MORE(SM) promise to provide customers with more minutes,
more features and more service than any other wireless provider. T-Mobile
operates a nationwide GSM/GPRS voice and high speed data network, covering 211
million people and the world's largest 'Wi-Fi' (802.11b) wireless broadband,
(WLAN) network, serving more than 2,000 public locations under the service name
T-Mobile HotSpot(SM). For more information, visit the company web site at
www.t-mobile.com.
CONTACT: Deutsche Telekom
Hans Ehnert, +49 228.181.4949 (Press Contact)
or
T-Mobile International
Stephan Althoff, +49 228.536.1700 (Press Contact)
or
Deutsche Telekom
Investor Relations New York
Nils Paellmann orBernie Scholtyseck, 212/424-2959
toll-free: 877/DT SHARE
or
Deutsche Telekom
Investor Relations Bonn, +49 228.181.88880
or
T-Mobile International
Wolfgang Kniese, +49 228.536.2400 (Investor Relations)
(c) 2003 Business Wire. All reproduction, other than for an individual user`s r
ference, is prohibited without prior written permission.
-0-
SOURCE:
T-Mobile
International
AG
*** end of story ***
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