During its latest press event Thursday, T-Mobile said it added 2.1 million customers to its rolls in the second quarter.
Advertisement
And Dish Network is rumored to want to buy T-Mobile.
The company has not yet announced its full earnings for the quarter, but it released this chart showing its customer trends.
CEO John Legere was on CNBC a short while ago talking with Jim Cramer.
The carrier also added 886,000 wholesale customers and 178,000 branded prepaid customers in the second quarter.
The increase includes over 1 million “branded, post-paid subscriber additions”, on a net basis, which is the benchmark that Wall Street follows.
Strategy Analytics recently wrote in a report that T-Mobile U.S. had indeed surpassed Sprint in terms of total customers during Q2, though Legere again downplayed the significance of any change in positioning tied to subscriber numbers.
Lynnette Luna, principal analyst at Current Analysis, said that Canadian and Mexican calling plans have increasingly become a competitive focal point for postpaid and prepaid carriers during the previous year. Postpaid churn dropped year-over-year from 1.48% to 1.32%, though ticked up from 1.3% sequentially. TMUS continues to draw customers away from peers – which should provide ongoing support for the company’s sector-leading revs growth (but may pressure EBITDA results and push out the expected EIP inflection). Total branded postpaid growth increased 11% year-over-year.
She adds, though, “The question remains how this sub growth will translate into profitability”. That is a gain of 41% over last year’s second quarter and a pickup of 14% from the 2015 first quarter.
Advertisement
Legere officially announced that T-Mobile now covers 290 million POPs with LTE, and the company’s Wideband LTE has grown from 121 million POPs covered to 185 million POPs. As of March 31, Sprint served around 57.1 million subscribers putting it roughly 300,000 subscribers ahead of T-Mobile.
