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T-Mobile USA Posts Loss but Sales Jump
Posted: 15-Nov-2002 [Source: Reuters]

[Kai-Uwe Ricke, new chief exec of DT, says he is open to merger of T-Mobile USA at the right price. ]

by Yukari Iwatani, Chicago -- "T-Mobile USA, the sixth-largest U.S. wireless telephone company, on Thursday said a huge charge caused it to report a much wider quarterly net loss, but its revenue jumped 53 percent as it added the most customers it has ever added in a quarter.

T-Mobile International AG, the mobile communications unit of Germany's Deutsche Telekom AG DTEGn.DE , said net loss for its U.S. operation's third quarter exploded to $12.4 billion from $633.4 million a year before, thanks to a $12.0 billion after-tax impairment charge for goodwill and spectrum licenses.

The company, which was the last of the Big Six national wireless operators to release its quarterly results, also spent more on sales and marketing during the quarter as it launched an aggressive marketing campaign to attract customers in an increasingly competitive market."

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