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Miami— Almost everything’s coming up roses for no-contract cellular MVNO TracFone Wireless, owner America Movil reported.
America Movil of Mexico City is Latin America’s largest cellphone carrier. It also operates landline phone and broadband networks and pay-TV service. TracFone sells service under the Telcel America, Straight Talk, Simple Mobile, NET 10 and Safe Link Wireless brands.
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Miami— No-contract cellular provider TracFone Wireless expanded its customer base by 12.3 percent to 21.6 million in its fiscal third quarter ending September, and posted a revenue gain of 28.6 percent, to $1.28 billion.
The company also posted EBITDA growth of 72.3 percent to $190 million, Mexico-based parent America Movil reported.
The gains came in large part from TracFone’s acquisition in June of no-contract provider Simple Mobile. TracFone’s gain of 2.4 million subscribers includes more than 1 million subscribers picked up with the acquisition.
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