MetroPCS reports positive Q3 results

30 October 2012 | Kavit Majithia

US mobile service provider MetroPCS has posted a higher quarterly profit after a rise in demand for its 4G LTE services.

The company, which is subject to a merger bid from T-Mobile USA, as part of Deutsche Telekom, revealed that net income rose to $193 million, at 52 cents a share in Q3 2012, from $69 million, at 19 cents a share a year earlier.

Total revenue also rose by 4% to $1.3 billion. It had net subscriber losses of 312,291 in the same period, as rivalling companies in the US ramp up their 4G LTE service offering.

Read our full report on the battle for 4G LTE market share in the US.