Thursday, October 21, 2004

Nextel Adds 550,000 Subscribers in Q3, ARPU at $69

Nextel Communications ended Q3 with approximately 15.3 million total subscribers including 14.5 million Nextel subscribers and 800,000 Boost Mobile subscribers. During the quarter, Nextel added 550,000 new subscribers, average revenue per user (ARPU) was $69 and customer satisfaction improved as churn was reduced to 1.5%. In addition, Boost Mobile added 195,000 subscribers during the third quarter.

Nextel reported Q3 revenue of $3.40 billion, up 18% from last year's third-quarter revenue. Operating income before depreciation and amortization was $1.32 billion, up 17% from last year's third-quarter. Third-quarter 2004 income was $586 million, or $0.53 per share, up from last year's third-quarter income of $346 million, or $0.33 per share.

"Nextel is experiencing strong demand for its wireless services across all sectors and especially higher growth in government, high-end individuals and our Boost Mobile business," said Tim Donahue, Nextel's president and CEO.


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