That meant that by the end of June, T-Mobile US’s overall customer base stood at 67.38 million, up from 58.91 million a year earlier.
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Branded postpaid phone customers increased by 646,000 to 30.88 million, while the prepaid base grew by 476,000 to 18.44 million.
One long-term concern could come from a continuing dip in credit quality of customers signing up for the carrier’s device equipment installment plans, which has dropped from 52% in the “prime” category last year, to just 42% this year. The prepaid results were also market leading, with only AT&T Mobility managing to post positive prepaid growth during the quarter. Net income was $225 million with earnings per share (or EPS) being $0.25. T-Mobile continued to improve their network, which they say is “America’s fastest and fastest growing 4G LTE network”.
In terms of capex, T-Mobile US said its LTE network covered 311 million potential customers at the end of Q2, almost matching at least the population coverage footprint of its larger rivals Verizon Wireless and AT&T Mobility, though still short in terms of geographic coverage.
T-Mobile’s postpaid phone churn rate – the rate at which users switch to other networks – fell to 1.27 percent, its lowest ever, in the second quarter from 1.3 percent, a year earlier. The company delivered a 12% growth in service revenue and 36% growth in Adjusted EBITDA year-over-year.
Revenue rose 12.8 percent to $9.22 billion. Their network now covers over 311 million people throughout the US.
T-Mobile raised its guidance for postpaid net adds from 3.2 million to 3.6 million o 3.4 million to 3.8 million. It is also the 13th consecutive quarter where T-Mobile’s total net additions have topped the 1 million mark.
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T-Mobile’s adjusted EBITDA increased 35.6 percent year-on-year to Dollars 2.5 billion, and the EBITDA margin rose to 36 percent from 30 a year ago.
