T-Mobile added 646,000 net branded postpaid phone subscribers in Q2

T-Mobile added 646,000 net branded postpaid phone subscribers in Q2
T-Mobile reported its second quarter results on Wednesday morning, and the Un-carrier  said that during the three month period it added 646,000 branded net postpaid phone customers. That compares to the 86,000 net postpaid phone subscribers that Verizon added to its rolls during the same quarter. For the 10th consecutive quarter, T-Mobile led its rivals in this important category.

Overall, T-Mobile had 890,000 total branded net postpaid additions and 1.9 million total net additions. For the nation's third largest carrier, it was the 13th consecutive quarter with over 1 million total net additions. And Pre-paid business was strong too; thanks to MetroPCS, T-Mobile added 476,000 branded net additions in that segment from April through June.

The carrier reported another company record low churn rate in the postpaid phone business. That figure worked out to 1.27% in the period for a 6 basis point drop (.06) sequentially, and 5 basis point drop year-over-year. For the quarter, T-Mobile garnered $9.2 billion in revenue. That was an 18% gain over last year's figure. Net income amounted to $225 million, or 25 cents a share.

T-Mobile's 4G LTE signal now covers 311 million Americans, and its low frequency Extended Range LTE signal now is in 350 markets, covering more than 200 million Americans. Thanks to the 700MHz spectrum used for this service, Extended Range LTE signals travel farther and penetrate buildings better.

It appears that Wall Street likes the release. In pre-market trading T-Mobile (TMUS) is up 1.5% to $45.67.

source: T-Mobile

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7 Comments

1. TerryTerius unregistered

As great as this is to hear, I still think we ultimately need a lot more competition in the space. It still feels like just four carriers having the overwhelming majority of the market in their pocket is far too few. The trend of power being concentrated in a small handful of companies across various industries over the past 50 or 60 years is one of the most troubling yet often overlooked aspects of our modern world.

5. Acdc1a

Posts: 473; Member since: Jan 21, 2016

The government has setup this program and with spectrum being a finite resource, there is a high barrier to entry. The only hope for additional competition is for Dish to use what they've got or Sprint to divest what they have.

6. talon95

Posts: 995; Member since: Jul 31, 2012

It takes billions and decades to compete. The only way we get what you're talking about is if the spectrum is government owned and leased to companies in such a way that prices at set and roaming charges are fairly shared between carriers. Now that it has become a utility there is more chance that it could improve, but nothing we are doing currently suggests it will ever go that way.

2. TreyTreyTaylor

Posts: 728; Member since: Dec 21, 2010

Well said sir. But let's bask in the fact that T-mobile is on the rise. Look at them now. Who knew keeping truly unlimited plans, and innovating things like jump and uncarrier would take them this far.

4. TerryTerius unregistered

Don't get me wrong, I'm glad their "customer first" policies are paying off. Their network has been steadily improving and they've thrown a slew of useful deals my way over the years. Just saying, whenever we start celebrating these numbers it does remind me of the overall context.

3. deviceguy2016

Posts: 826; Member since: Jun 16, 2016

It's the free pizzas of the past from t mobile tuesday

7. MartyK

Posts: 1043; Member since: Apr 11, 2012

In the past, every time a company gains customers, the always start messing with their pricing. Hopefully T-Mobile don't start doing this.

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