T-Mobile reports another strong quarter, topping Verizon in new phone additions

T-Mobile reports another strong quarter, topping Verizon in new phone additions
Yes, it is beginning to sound like a broken record, albeit one that is music to the ears of T-Mobile executives and stockholders. Once again, this morning T-Mobile announced a strong earnings report, this time for the fourth quarter that ran from October to the end of last year. Overall, T-Mobile posted 2.4 million total net additions, the carrier's best quarter yet.

The main figure that analysts were aglow about was the 1 million net postpaid phone additions, which topped the 650,000 Verizon added in the quarter. It was the best quarterly performance for that category in four years. Its postpaid phone churn of .99% was the lowest ever for a fourth quarter, down 19 basis points from last year's fourth quarter, and T-Mobile's second lowest postpaid phone churn figure ever. During the three month period, T-Mobile also reported 135,000 net additions for its branded prepaid service. Prepaid churn dropped from 4% during the 2017 fourth quarter, to 3.99% during the fourth quarter last year.

For all of 2018, T-Mobile reported some preliminary number. The nation's third largest carrier added 7 million net new customers overall, up from last year, and 4.5 million net postpaid additions. That was the best figure for the category in three years. 3.1 million of those were net postpaid phone additions, up year-over-year. The company added 460,000 net branded prepaid customers for the year, and finished 2018 with a total customer base of 79.7 million subscribers. Since it launched the Un-carrier program in 2013, the customer base has risen by more than 46 million.


T-Mobile's shares are up slightly following the report. The stock is currently trading at $67.88, up .16% on the day. The company is awaiting FCC approval of its proposed merger with Sprint. However, with the Federal government being shut down at the moment, the FCC review is on hold.

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8 Comments

1. Joosty

Posts: 473; Member since: Mar 14, 2013

They will take the #1 spot in the future.

2. baldilocks

Posts: 1505; Member since: Dec 14, 2008

And still half the coverage of the big 2.

3. Reybanz88

Posts: 97; Member since: Jul 28, 2016

I know right and yet they still keep adding customers. They must have the coverage people need.

4. Joosty

Posts: 473; Member since: Mar 14, 2013

True, theyre doing something right *shrug*

8. tuminatr

Posts: 1123; Member since: Feb 23, 2009

Maybe but 4% or even 3.99% churn is very high

5. TBomb

Posts: 1484; Member since: Dec 28, 2012

If you have TMobile coverage everywhere you go... then why pay Verizon for an extra few percentage points of coverage in an area where you will never go?

6. Blazers

Posts: 742; Member since: Dec 05, 2011

Because you can have bragging rights lol. If I ever get stuck in a swamp in back woods Alabama, surrounded by Bubba and his boys, maybe I’ll wish I had Verizon.

7. TBomb

Posts: 1484; Member since: Dec 28, 2012

Jokes on you! My Uncle Bubba and his boys have TMobile and they say their backwoods swamp in Mississippi has great service! Edit: Oh you said Alabama... wrong Bubba... His cousin/brother in Alabama says you need Verizon to get service in his swamp.

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