T-Mobile is closing in on its target of covering 300 million Americans with 4G LTE.
Advertisement
However, net income of the No. 4 U.S. wireless carrier by revenue fell to $361 million, or 42 cents per share, in the second quarter ended June 30 from $391 million, or 48 cents per share, a year earlier. The net money flow for this big transaction was $(-23.01) million. Adjusted EBITDA was $1.8 billion, up 25.2% year-over-year.
Since its 2013 merger with MetroPCS, T-Mobile has added about 15 million customers, reaching 58.9million at the end of the second quarter.
Analysts are expecting a year-over-year decrease in earnings per share, but a year-over-year increase in revenue for the 2015 second quarter. For the week, the shares have seen a percentage change of -0.29%.A block trade of $(-8.19) million in net money flow was also recorded during the day. However, T-Mobile’s “Un-Carrier” service which was launched in 2013 to offer a series of price concessions like no annual service contract, equipment installment facility, free global data roaming, to name a few, has helped the company gain a large number of customers. While postpaid churn dropped year-over-year from 1.48% to 1.32%, it ticked up from 1.3% sequentially. That’s a 14% increase over Q2 2014. The 52-week high of the share price is $40.77 and the company has a market cap of $30,018 million.
Analysts surveyed by Bloomberg had estimated T-Mobile would post a profit of $110.5 million, or 13 cents a share. And this also returns them to a positive sequential growth. The Company’s advanced nationwide 4G LTE network delivers outstanding wireless experiences to approximately 59 million customers who are unwilling to compromise on quality and value. All of Metro’s spectrum has now been reformed and integrated into T-Mobile’s network. Analysts expected revenue of $7.94 billion for the quarter.
Advertisement
In the reported quarter, T-Mobile added a net 0.760 branded postpaid customers, 0.248 branded mobile broadband customers, 0.178 branded prepaid customers and 0.886 wholesale customers. With 100% of their network spectrum being re-farmed. “Overall, I think our results speak for themselves”. The non-IFRS operating profit for the segment was €27 million.
