UPDATE 2-Leap Wireless cuts 2009 subscriber adds view
* Cuts subscriber additions forecast for 2009
* Q3 loss/shr widens to $0.85 from $0.72 yr ago
* Q3 rev $599.5 mln vs est $620.2 mln
* Q3 net additions down, ARPU down (Adds analyst comments, details)
By Mansi Dutta
BANGALORE, Nov 5 (Reuters) - Leap Wireless Inc LEAP.O posted a wider quarterly loss as increased competition hurt subscriber growth, and said it would add fewer customers than it earlier expected in 2009.
Leap now expects to add 1.1 million to 1.3 million net subscribers in 2009, down from its earlier view of 1.5 million.
Their average revenue per user (ARPU) -- the revenue it gets for each subscriber -- will see additional pressure going forward if Leap is to remain competitive, analyst Michael Nelson at Soleil - Nelson Alpha Research said.
Earlier in the day, rival MetroPCS Communications Inc PCS.N also warned that holiday season promotions could hurt ARPU, sending its shares plunging to an all-time low. [ID:nBNG63203] Continuación...