It might be getting monotonous, but once again T-Mobile made mincemeat out of Verizon and AT&T. Just a couple of days ago, Verizon reported a drop of 44,000 in net postpaid phone connections during its first quarter, while AT&T had a decline of 55,000. Today, T-Mobile reported that it added 656,000 net postpaid phone connections during the same three month period. As T-Mobile didn't hesitate to point out in its release, that is expected to be the best in the industry. Again. And at the same time, its postpaid phone churn hit a record low of .88% compared to 1.07% during last year's Q1.
From January through March, T-Mobile added an industry leading 1 million net postpaid connections and 69,000 net prepaid connections. Overall, the company added 1.7 million total net connections in the quarter, up 15% year-over-year. The company raised its forecast for 2019 postpaid net connections to a range of 3.1-3.7 million from its previous forecast of 2.6-3.6 million.
Total revenue rose 6% from last year to $11.1 billion. Net income rose 35% to $908 million resulting in a 36% gain in earnings per share to $1.06. Services revenue rose 6% to $8.3 billion while postpaid phone service revenue increased 8%.
The innovative wireless provider, once considered to be the least relevant of the four majors in the states, has done an amazing 180-degree turnaround since John Legere took over as CEO in 2012. The self-described Un-carrier has introduced a number of perks and features to reduce customer pain points that have been copied by rivals. T-Mobile says it now covers 99% of the country with its 4G LTE network and has had the fastest combination of download and upload speeds for 21 consecutive quarters. The carrier expects to be the first with a nationwide 5G network early next year and currently has its 600MHz low band spectrum, with 5G ready gear, in 3,500 cities and towns.
Investors found these results to be monotonous as well. After the report was released, T-Mobile shares rose just 4 cents (.05%) to $72.75.
Posts: 1220; Member since: May 01, 2017
I believe the closer we get to fully deploying 5G, the more number changes we'll see. T-Mobile has the advantage by not charging extra for 5G and having taxes and fees already included in their pricing. They need this Sprint merger needs to go through to put them on top. Verizon messed up by charging more right out the gate to use 5G on top of their already expensive plans. The only part I see them succeeding at is the use of 5G for home wifi if they stick to their word by keeping it at a flat rate of $70 with no data caps
posted on Apr 25, 2019, 4:54 PM 5
Posts: 103; Member since: Jun 07, 2015
Tmobile keeps kicking ass. Came back from almost being purchased by att to fighting for number 2 spot nationwide.
posted on Apr 25, 2019, 4:54 PM 5
Posts: 300; Member since: Jan 06, 2016
your enthusiasm is admirable. But do remember, Tmobile still has about half the subscribers as AT&T and Verizon. I'm rooting for Tmobile, but theyre far from the #2 spot. Even with the merger, they'll still be #3 by about 20 million subscribers.
posted on Apr 26, 2019, 9:07 AM 1
Posts: 97; Member since: Jun 04, 2015
Personally, people moving away from VZW is good news. More room for me. A month ago, I switched to Total Wireless (still under VZW) and still get awesome LTE.
posted on Apr 25, 2019, 8:39 PM 0
Posts: 114; Member since: Mar 01, 2019
Will never go back to T-Mobile after having to call better business bureau on them and have entire family leave at once to come to att instead of T-Mobile
posted on Apr 25, 2019, 11:59 PM 2
Posts: 21; Member since: Oct 17, 2018
This is all great and all. However the fact remains that TMobile is an outdoors cellphone company in most places. Where I work I get almost 150 mbps in the parking lot and about 3-5 mbps inside the building.
posted on Apr 26, 2019, 12:46 AM 1
Posts: 17; Member since: Feb 07, 2018
The only thing that's keeping me from moving to T-Mobile is their indoor coverage. I've been in many garages, bank branches, my barber shop and other indoor places and people with Tmobile have no service. I need service inside just as much as outside. I live in the Washington, DC area so it's a major city. Maybe if the merger with Sprint goes through the indoor service will improve. Until then I have to stick with Verizon.
posted on Apr 26, 2019, 7:53 AM 0
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