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Nextel Pre-Announces Solid 2001 Domestic Results

Discussion in 'GENERAL Wireless Discussion' started by Rich, Feb 5, 2002.

  1. Rich

    Rich Bronze Senior Member
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    [​IMG] Subscriber Numbers Bolster Nextel

    February 6, 2002


    Unlike several of its U.S. competitors, Nextel Communications Inc.'s new subscriber numbers for the fourth quarter surpassed previous predictions. During the last three months of 2001, Nextel added 501,000 new mobile subscribers -- ahead of earlier guidance of 460,000 to 490,000 newcomers. The figures bring Nextel's full year 2001 additions to 1.99 million, at the high end of earlier predictions.

    'Strong demand for our differentiated service continues to drive greater market share for Nextel,' says Tim Donahue, Nextel president and CEO.

    Several top U.S. carriers -- including Verizon Wireless and Cingular Wireless -- missed expectations for fourth-quarter subscriber additions. The news forced wireless stocks into a tailspin and produced a flurry of reports from analysts. However, Nextel affiliate Nextel Partners, AT&T Wireless, Leap Wireless International and a handful of others managed to beat expectations.




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  2. Rich

    Rich Bronze Senior Member
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    Nextel will announce fourth quarter and full year 2001 results later this month and host a conference call to discuss 2001 results and the 2002 outlook for financial and operating performance. In addition, Nextel expects to discuss progress in new initiatives and operational partnerships aimed at reducing costs while enhancing the customer experience.[​IMG]
     
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