T-Mobile quarterly results: record profit, fastest-growing subscribers in US
by Victor Hristov / Oct 23, 2017, 8:32 AM
T-Mobile quarterly profit once again beat Wall Street analysts' expectations and continued its industry leading performance with the most subscriber additions in the quarter. But don't expect to see John Legere do a conference call to discuss the results: with rumors about a potential merger between T-Mobile and Sprint, the T-Mobile CEO only issued a 7-minute video with remarks about the performance of the "un-carrier".
T-Mobile CEO did not comment on the rumors of Sprint merger
T-Mobile recorded a quarterly profit of $550 million on total revenues of $10 billion and service revenues of $7.6 billion.
The nation's third largest carrier added 817,000 postpaid customers, more than any other US carrier, while total additions stood at 1.33 million.
T-Mobile also announced that it will deploy 10MHz of 600MHz spectrum, covering 1.2 million square miles, by the end of the year. With this launch more cities will get LTE coverage. Currently, 600MHz coverage extends to Cheyenne, Wyoming and Scarborough, Maine.
The carrier is also expected to introduce new devices that support 600MHz LTE bands, and one rumored such new device is the Samsung Galaxy S8 Active.
Posts: 982; Member since: Mar 22, 2011
Wow. T-Mobile just keeps shocking the market. It's like they can do no wrong. I'm so afraid if they merge with Sprint, a company that can do nothing right. :-(
posted on Oct 23, 2017, 8:41 AM 0
Posts: 6033; Member since: Aug 06, 2013
Hmm... Did they not already try once and get denied? Though I do share your concern. I simply want to see Verizon get overtaken as the number one wireless company in America. Verizon thinks it's too big to fail and I want T-Mobile to slap them in the face for having that attitude.
posted on Oct 23, 2017, 8:43 AM 5
Posts: 1050; Member since: Sep 20, 2017
VZW is a good carriers, they are simply too expensive for how many customers they have. I'll take them over ATT. But I hate how they ruin Galaxy phones, not supporting features and capabilities. Which is why I moved to T-Mobile. But I moved 2 lines to ATT to see if they've gotten better. They haven't! Gonna move my 2 lines back to T-Mobile, once I see how much my XMAS bonus is gonna be. But John seems more like he use ot be a rockstar vs being a CEO of such a huge company. He has a great personality. Verizon opened a flagship store here in town and ATT and T-Mobile followed an did the same. John came to town and he is exactly like this in person. Just like VZW and ATT CEO's are a bunch of stiff-necks in person. The problem with TMO is service. They claim its faster, but that wasn't my experience with data. ATT is no better for sure. VZW is fast vs those 2 base don my experience, but signal is terrible in-doors lately. I too don't want Sprint and T-Mo to merge and I doubt the Feds will allow it. We don't need a carrier triopoly. Prices would be ridiculous. Right now TMO has the best price, but the worse service of the big 3. I don't even count Sprint anymore.
posted on Oct 23, 2017, 9:15 AM 0
Posts: 574; Member since: Nov 12, 2012
Here in Los Angeles it's a mixed bag with all carriers .. Verizon and T-Mobile are fastest in 4g data speed . At&t it's still slow now in 2017 as it was a couple years ago it hasn't improved at all in terms of speed . Heck even sprint is faster than At&t.. But if you go inside a building T-Mobile and Verizon loose signal . Yes Verizon goes to 1x or sometimes no service same with T-Mobile it goes to Edge and no service. I still can't believe how Verizon goes real bad once you deep in a store like at the mall , step outside and bam full bars LTE. That's were At&t wins . For some reason here At&t gets better signal deep in buildings and it gets LTE . At&t might have a slower LTE signal than Verizon and T-Mobile but it works better deep inside buildings . At&t actually maintains an LTE signal while Verizon is 1x and T-Mobile is edge inside or no service in a building. .. Sprint well sprint just straight out craps out too inside buildings it only works outside.
posted on Oct 23, 2017, 10:16 AM 0
Posts: 6033; Member since: Aug 06, 2013
I agree with everything you said in your statement, everything. I hate Verizon for their prices, their bloatware, their slow updates, the fact that a year and a half later I still get mail from them trying to get me to come back (It's not going to happen). I'm not at all doubting the quality of their coverage. I know full well it's the top service around. I can only hope that other services can catch up and surpass them. As a Google Fi customer, I only benefit when T-Mobile and Sprint expand their networks so I hope they both grow their service and do better, as I run my service off their networks. I really Wish AT&T and Verizon would jump on board Fi Service. It's the perfect plan for people like me that use little data.
posted on Oct 23, 2017, 10:51 AM 0
Posts: 2314; Member since: Apr 12, 2012
I feel you. Verizon are crooks. I have AT&T which are also crooked but it works good for me. Always temped to try t mobile. Thought of just getting a t mobile line just to try out with a Android flavor device. Never really duel wield phones.
posted on Oct 23, 2017, 2:48 PM 0
Posts: 1354; Member since: Oct 05, 2011
Have to Say as a former employee of John L. during the last days of "Global crossing", when he walked in to try and put the pieces together that exploded. He really listen to the employees and that help save a lot of customers and Jobs. I hope for his and T-mobiles continuing success as long as He continues to listen to both customers and Employees T-Mobile will keep sky rocketing. ( incidentally one of the things I like about T-mobile is that they have made an effort to bring back the call and service centers back to US soil < not all of them but the have brought some back> and the non device branding and the least amount of bloatware.)
posted on Oct 23, 2017, 9:30 AM 1
Im very happy with t mobiles service so far, and saving $100 a month over ATT. Granted if we travelled more it might have been an issue but so far so good. Speeds are great, prices are good, no issues with coverage and if there was, digits app lets you do everything over wifi if available.
posted on Oct 23, 2017, 11:24 AM 0
Posts: 24; Member since: Jul 20, 2017
As a former T-Mobile customer, this is hilarious to me... Just keep adding customers, John, it's only killing your network... I've experienced it first-hand... I would have 3-4 bars of signal and NOT even be able to load a damn web page! I switched to Verizon going on a year ago now and it's been fantastic. Even with the SLIGHT slowdown in data speed since unlimited, I'm STILL getting far better and more consistent data speeds then I ever got on T-Mobile! T-Mobile is a joke... Live in a major city? You might enjoy Terrible Mobile... Go outside of a city or even in a congested area, prepare for non-existent service ...
posted on Oct 23, 2017, 11:46 AM 0
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