VoiceStream reported late Mon. that it added 484,700 subscribers ...
VoiceStream reported late Mon. that it added 484,700 subscribers in first quarter, increasing its base to 4.4 million as of March 31. Carrier outlined preliminary results and said it would announce full financial report May 7. VoiceStream said it…
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expected pending merger with Deutsche Telekom, which still awaits FCC approval and decision by Committee on Foreign Investment in U.S., to close May 31. Earlier this year, Deutsche Telekom told SEC that deal wasn’t expected to close until “at least” May 31. Meanwhile, VoiceStream said it expected consolidated service revenue for 2001 to grow 120-125% in 2001. It also anticipated cash flow losses to be less than $300 million for year, with most coming in first quarter.