U.S. Cellular lost a net 37,000 postpaid connections in the first quarter of the year and reported 1.23 percent postpaid churn in its latest financial report.
The nation’s fifth-largest carrier — which trails far behind the U.S.’s four major providers — noted handset churn was 0.97 percent and that its net smartphone losses totaled just 1,000.
The bulk of the net postpaid losses were due to 15,000 fewer net feature phones and 21,000 fewer net connected devices. The report also indicated that prepaid connections increased by a net of 6,000.
The carrier’s total operating revenues increased from $936 million in early 2017 to $942 million in the latest quarter as a 14 percent increase in equipment sales revenue made up for a 3 percent drop in service revenues.
The company maintained its projections for the full calendar year and said its revenue trends, network performance, cost-cutting efforts and profits were off to strong starts in 2018.
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