T-Mobile releases 2013 financial report – 4.4 million new subscribers, $26.1 billion revenue
T-Mobile also revealed that it has earned a total revenue of $26.1 billion in 2013 as a whole, a 5.3% increase in comparison with 2012. T-Mobile's report also states that the company has earned as much as $5.3 billion in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), a 16.9% decline compared with 2012. T-Mobile's operating margin, which measures the profitability of a given company, declined from 29% in 2012 to 26% in 2013, as it was "reflecting the very significant customer growth the company experienced in 2013". The modernization of the carrier's network also led to an overall expense growth by 13.2% to $4.2 billion.
T-Mo's annual report also states that the company had roughly 46.7 million subscribers in the end of 2013, 938,000 of which were added during the last trimester of the year. Additionally, the company's revenue in Q4 2012 grew by 39.1%, mostly due to to inclusion of MetroPCS' financial results.
Apparently, T-Mobile sold 6.2 million smartphones in the last quarter of 2013 alone, a whopping 91% of all smartphones it sold last year.
It was also revealed that T-Mobile will purchase "certain 700MHz A-Block spectrum licenses" from Verizon for $2.4 billion. Thanks to this, more than 158 million people will benefit from improved low-band spectrum, the carrier states. The acquisiton is expected to conclude by the end of Q2 2014.