Cricket entered LTE roaming deal, might expand the handset financing program, reports Q4 2012 results
During the release of fourth-quarter results for the 2012, Cricket has reported that they have entered LTE roaming deal but haven’t mentioned with which carrier. Leap’s CEO Doug Hutcheson said that details on Cricket’s LTE roaming deal could be expected in upcoming quarters while “appropriate devices ready to take advantage of the expanded coverage footprint,” will be added in the second half of 2013.
In addition, Cricket has worked out its wholesale MVNO disagreement with Sprint so they can continue to roam on Sprint’s nationwide 3G network. Also, Cricket mentioned that their handset financing program shows to be a positive thing regardless of not bringing any significant number of subscribers into their customer base, according to Leap’s COO Jerry Elliott. Still, Cricket plans to expand it over time since through it, their customers can get access to high-end smartphones.
Cricket ended 2012 with 5.29 million customers, down from last year’s 5.93 million. In the Q4 2012, they have lost 337,000 net subscribers, which is more than the third quarter’s subscriber loss of 269,000 and totally opposite of last year’s Q4 when Cricket gained 179,000 subscribers. They have also reported 4.6% churn, an increase from the year-ago period of 3.9% but down from 4.8% from the previous quarter. Cricket’s average revenue per user in the Q4 was $42.73, an increase from last year’s $42.09 and previous quarter’s $41.94.
Regarding Cricket’s LTE coverage, the carrier said that it currently serves LTE with speeds at around 4 Mbps to 21 million POPs and plans to add additional 10 million POPs during 2013.
Right now, Cricket covers Tucson, Las Vegas, Philadelphia, Phoenix, Houston, San Antonio, Austin, Laredo, Corpus Christi and the Brownsville-McAllen-Harlingen, Texas with LTE service and offers LTE capable handsets LG Optimus Regard, the Samsung Galaxy S III and the HTC One SV.