The Un-carrier has added roughly 753,000 branded postpaid net additions and 650,000 prepaid net customer additions so far in the third quarter, with just over a week left before the quarter closes.
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T-Mobile broke the numbers down further, stating that so far this quarter the “uncarrier” has seen 250,000 Verizon postpaid phone and prepaid customers switch to T-Mobile, while seeing 300,000 such defections from Sprint.
“All three wireless carriers tried to match Un-carrier signature moves this quarter, like getting rid of overages and introducing unlimited data plans, but as usual, they came up short”, CEO John Legere said in a statement.
The numbers that T-Mobile is reporting today are an increase over the ones that it put up in Q2 2016, when it earned 646,000 postpaid phone net adds and 476,000 prepaid net adds. In addition, the porting ratio against each of the carriers – or the number of people switching their numbers to T-Mobile vs. away from the carrier – had also improved.
That’s according to a report in The Wall Street Journal cited analysts who said that while Comcast initially is using a combination of Wi-Fi and airwaves leased from Verizon Wireless Communications to launch its wireless business, in order to really benefit it will need to own the network, and that is where T-mobile comes in. I’m calling it. Verizon’s coverage advantage is gone. “Now, Verizon’s rebranding their older, slower network as “LTE Advanced, ‘ highlighting technology we launched two years ago”.
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On Tuesday, T-Mobile announced its preliminary results for the third quarter of 2016, and the mobile service provider is already celebrating the progress it’s made over the last few months. However, the company said it was maintaining its current financial guidance and full year outlook.
