T-Mobile continued to grow faster than Verizon, AT&T and Sprint in the second quarter

T-Mobile continues to be magenta-hot. For the second quarter that ran from April through June, the carrier crushed Wall Street expectations by reporting postpaid branded phone net additions of 686,000 subscribers. That figure was 48% ahead of analyst's expectations. This was the 18th straight quarter that T-Mobile led the industry in that important metric. Postpaid branded phone churn was a record low .95%, 15 basis points lower than last year's second quarter number. T-Mobile reported total branded postpaid net additions of 1 million subscribers, and 91,000 branded pre-paid net additions. Overall, the company added 1.6 million net additions, the 21st consecutive quarter that T-Mobile topped 1 million subscribers in this category.
Currently, the carrier covers 323 million people with its LTE signal, and by the end of the year that number should be higher by 2 million. As we told you earlier today, T-Mobile continues to focus on deploying the low-frequency 600MHz spectrum it won from an FCC auction held last year. The company is awaiting regulatory approval so that it can move ahead with its $26.5 billion deal to merge with Sprint.
Wall Street liked the report, sending T-Mobile's shares up 1.47% or 87 cents after-hours to $60.23.
source: T-Mobile
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