LUBBOCK, Texas-Alamosa PCS Holdings Inc. reported first-quarter financial results ending March 31, showing its subscriber base grew 58 percent to 50,512 subscribers from the previous quarter.
Total revenue for the first quarter was $11.6 million, a 103-percent increase from the fourth quarter of 1999.
Alamosa reported that net losses increased from $1.7 million in the first quarter of 1999, to a loss of $15.5 million in the first quarter of 2000. Net losses per common share were also up, from a loss of 4 cents per share to a loss of 27 cents per share.
The company noted it was pleased with its success in the first quarter, including its initial public offering and debt issue, raising $376 million in the quarter.
