Our checks have suggested that total industry gross adds in Q4 were softer than Q4 2014, but TMUS has been able to generate 1.29MM postpaid net adds (vs. 1.28MM a year-ago) by mitigating customer churn, which is down 27 basis points year-on-year. The company reported postpaid net customer additions of 1.3 million, and 917,000 and 469,000 net additions in postpaid phone and prepaid customers, respectively.
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“For full-year 2015, the company [recorded] 4.5 million branded postpaid net customer additions, well above the revised guidance for branded postpaid net customer additions of 3.8 [million] to 4.2 million provided in connection with the third quarter of 2015 earnings”, T-Mobile said.
T-Mobile US maintained its momentum in the final quarter of 2015, adding 2.1 million customers, bringing its customer base up to 63.3 million in total.
In a December 29, 2015, blog post, John Legere, T-Mobile’s CEO (chief executive officer) and president, highlighted the propagation benefits of the extended-range LTE network versus coverage on the mid-band spectrum.
While some of those figures showed a decline in year-over-year subscriber growth, they still exceeded expectations, Evercore ISI analysts wrote in a research note.
T-Mobile US finally overtook Sprint during the three months to 30 June.
Shares of T-Mobile are down 0.94% to $39.84 in late morning trading on Wednesday amid an overall market sell-off after China’s currency weakened and North Korea claimed it tested a hydrogen bomb, Reuters reports.
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We will have full details on the 2015 results from T-Mobile when they are made official next month.
