MetroPCS announces Q1 2012 results: total revenues up, new subscriber growth shrinks

MetroPCS has announced that it pulled in $1.3 billion in the second quarter of the year, only slightly more than it managed in the first. It made a profit of $149 million, well up from the $21 million it pulled in between January and March, despite shedding around 200,000 subscribers in the process. The company's deliberately concentrated on raising cash at the expense of new subscriptions in preparation for its 4G LTE for All project, due to begin in the third quarter. It revealed that it now has 700,000 LTE subscribers, up from the 580,000 present in March and that it plans to have a full 10MHz of spectrum allocated for the super-fast mobile standard in "most major metropolitan areas" by the end of the year. As for devices that'll take advantage of the 4G goodness, MetroPCS says that we can expect to see either six or seven new LTE handsets by year's end, each which will be priced between $99 and $149.