US Cellular reported third-quarter results which saw its operating income was $1.031 billion for the third quarter, up three percent from $1.001 billion for the same period last year. Net income was $23 million, down significantly from the $36 million in the year-ago period.
Service revenues were up 2%, and the company said that its device upgrade rate remained low. It had a net subscriber loss of 2,000, compared to net adds of 15,000 during the same period last year — but much better performance than the last two quarters, in which it lost 14,000 and 11,000 net subscribers. Its smartphone subscriber base was about 3.44 million as of the end of the quarter.
