iPCS, Inc. Q1 2009 Earnings Call Transcript

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2009-05-11 12:47:17.0

Tags: Revenue, Billing, Call Transcript, Earnings, iPCS Inc., Operational Accounting, Finance, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from Todd Rethemeier - Hudson Square Research.

Todd Rethemeier - Hudson Square Research

First, could you give us an update on where you stand with the pre-paid offer, including the wireless industry moving that way, and I think you would probably agree you need to be there.

Second, on the billing credits, it seems that with ARPU pretty strong again, is the billing credit issue behind us now completely?

And finally, can you give us the wholesale revenue and the roaming minutes for the quarter.

Tim Yager

In terms of the billing credits, we are certainly please that those numbers have improved from our high point last year. We certainly hope that it continues to improve from here. Whether we can say they're permanently behind us, that's hard to know for sure, but certainly we are pleased with the trends that we've experienced and are hopeful that those trends will not only stay where they are but actually continue to improve going forward. I know Sprint has put a lot and changed the way they are dealing with the credits and so hopefully that will continue to benefit us.

In terms of prepaid, I will let Conrad spend a second or two on them.

Conrad Hunter

We have been saying we would have a prepaid product and we are frustrated it's not a reality yet. If it were in our own control we would have a product now. And just so you know, we are still diligently working with Spring and other resources to make prepaid within iPCS reality sooner versus later.

Steb Chandor

And as it relates to wholesale revenues, if you are referring to the NPO customers, revenue was a little over $3.2 million for the first quarter. The second question about minutes on total roaming minutes on our network for the first quarter were about $460.0 million.

Todd Rethemeier - Hudson Square Research

And if I could just follow-up on the prepaid. What is your best guess as to when that will be in the marketplace?

Tim Yager

We are not going to comment on that. We certainly are working diligently to be in a position to launch it sooner rather than later but we certainly don't want to tip our hand in terms of when that may be.

Operator

Your next question comes from Richard Prentiss - Raymond James.

 

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