The Bad News Keeps Coming for T-Mobile

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RIMM: A Year of Misfires and Lost Opportunity, But Still Worth Something

T. Mobile, a subsidiary of Deutsche Telekom AG (PINK:DTEGY), has been having a rough time to say the least lately.

To start, the U.S. Department of Labor recently ordered the company pay a fired whistleblower more than $345,000.

The fired mployee had raised concerns about the  “possibility of millions of dollars in fraudulent roaming charges being levied on hundreds of international corporate customers,” according to The Associated Press.

T-Mobile plans to appeal the order, though.

But its troubles don’t end there. The company also lost 557,000 phone subscribers in the second quarter, and saw a net loss of 205,000 subscribers — a record for the period.

Plus, smartphone sales were flat at just over 11 million as revenue fell around 9%. Verizon (NYSE:VZ), AT&T (NYSE:T) and Sprint (NYSE:S), on the other hand, have all seen subscribers increase and seen better smartphone results.

Earlier in the year, the company also lost its CEO and cut almost 2,000 jobs.