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To: Eric L who wrote (1845)12/16/2001 10:55:05 AM
From: Eric L  Respond to of 9255
 
re: GSM Sub Growth

Has GSM sub growth hit the wall?

               Quarter Ending

Jun-00 Sep-00 Dec-00 Mar-01 Jun-00 Sep-00

Total Subs 337.1 361.7 455.1 503.5 553.9 590.3
Net Adds - 24.6 93.4 48.4 50.4 36.4
Q % Growth - 7.3% 25.8% 10.6% 10.0% 6.6%


Where's Santa?

- Sub numbers are being scrubbed (prepaid)
- Prepaid phone subsidies eliminated
- Postpaid subsidies reduced
- High penetration in traditional strong markets
- TDMA to GSM conversions will not impact materially till 2003

Still, the user base increased 253.2 million (+75% in 15 months).

- Eric -