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Home - AirGate PCS 3Q revenue, loss more than double last year
Archived ArticlesCarriers

AirGate PCS 3Q revenue, loss more than double last year

by Reily Gregson August 6, 2002
written by Reily Gregson August 6, 2002 Share
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ATLANTA-AirGate PCS Inc., a Sprint PCS affiliate, reported $122.8 million in total revenue for its third fiscal quarter ended June 30, more than double the $49.7 million it reported for the same quarter last year. Net losses also more than doubled from $23.7 million last year, a loss of $1.80 per share, to $50.1 million this year, a loss of $1.94 per share.

For the quarter the carrier said it added 26,079 net customers, ending the quarter with 532,446 total subscribers. Average revenue per user was reported at $60 with customer churn at 3.2 percent.

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