TracFone is experiencing “stellar growth” according to industry experts. The company added 1.1 million subscribers to their customer base in the 4th quarter of 2010, which surpassed Verizon’s 955,000 new customers.
According to FierceWireless.com:
The company has grown its U.S. subscriber base from 14.4 million in December of 2009 to 16.7 million in September 2010 to 17.7 million at the end of the fourth quarter of last year.
As for TracFone’s subscriber metrics, the company’s minutes of use skyrocketed 219 percent year over year, from 94 in the fourth quarter of 2009 to 300 in the fourth quarter of 2010. TracFone attributed the growth to its Straight Talk unlimited service. TracFone’s average revenue per user grew from $10 to $14 during the same period while its churn remained relatively unchanged at around 4 percent.Read more….