Virgin Mobile Sees Subscribers Decline

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Virgin Mobile Sees Subscribers Decline

May 11th, 2009 - Wall Street Journal

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Virgin Mobile USA Inc. said first-quarter earnings more than doubled as it benefited from lower costs amid a net decline in subscribers during the quarter.

The pay-as-you-go wireless communications company lost 133,292 net customers during the quarter to end the period with a total of 5.2 million, which was still up 2.8% from a year earlier.

Virgin Mobile faces growing competition from Leap Wireless International Inc. and MetroPCS Inc. Last week both posted strong subscriber growth ...

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