MetroPCS Bleeding Subscribers as It Waits for the T-Mobile Ambulance

Approval for MetroPCS Communications’ merger with Deutsche Telekom’s T-Mobile USA can’t come soon enough for the struggling prepaid wireless service provider. The company’s last year as an independent company has proven to be a particularly ugly one. Metro’s latest subscriber reports are abysmal. For its fourth quarter, the company posted a net loss of 93,237 wireless subscribers. And that gruesome number brought total subscriber losses for 2012 to around 459,936. MetroPCS ended the year with about 8.9 million subscribers. Quite a change from 2011, which ended with 9.4 million.